William S. Meeks, Trustee v. Mercedes Benz Credit Corporation, Billy Harold Stinnett Terry Lynn Stinnett, Debtors

Bankruptcy trustee William S. Meeks (Trustee) appeals the district court’s 1 judgment affirming the bankruptcy court’s 2 judgment in favor of Mercedes-Benz Credit Corporation (MBCC) in his adversary proceeding to avoid MBCC’s lien on proceeds from the sale of a truck.

Billy Stinnett (Debtor) purchased a Freightliner truck (on credit) from Texar-kana Truck Center, Inc. (TTC), in Texas. The parties’ security agreement indicated that Debtor’s home address was in Arkansas. TTC immediately assigned the contract and its interest in the truck to MBCC. On Debtor’s behalf, Trux, Inc. registered and…