Waldschmidt v. Associates Commercial Corp. (In Re Groves)

MEMORANDUM

MORTON, Senior District Judge.

This case is before the court upon an appeal from an order of the United States Bankruptcy Court for the Middle District of Tennessee, dated August 25, 1986, 64 B.R. 329, granting plaintiffs motion for summary judgment and avoiding the .liens of Kenworth of Tennessee, Inc., on four truck tractors. For the reasons which follow, the decision of the bankruptcy court shall be affirmed.

The bankruptcy court held that possession of the two 1982 truck tractors was insufficient to perfect Kenworth’s security interest and that Kenworth was not entitled to an…