South Independence, Inc. v. United States (In Re South Independence, Inc.)

Memorandum Opinion and Order

STEPHEN C. ST. JOHN, Bankruptcy Judge.

This matter came upon the debtor’s Complaint to Determine the Extent, Priority and Validity of Liens, and to Authorize Distribution. The parties involved have stipulated to most of the facts. With no major facts in contention, both parties filed summary judgment motions and memoran-da in support thereof. After reviewing their briefs, the Court heard oral argument on the summary judgment motions and took the matter under advisement.

FINDINGS OF FACT

The facts are not in dispute. On August 18, 1999, South Independence (“debtor”)…