Hanington v. Palmer (In re Palmer)

MEMORANDUM OPINION

JOHN T. LANEY, III, Bankruptcy Judge.

STATEMENT OF THE CASE

On April 20, 1989, a hearing was held on John Hanington’s (hereinafter “Movant”) Motion to Determine Secured Status as to DOCO School Employees Federal Credit Union (hereinafter “DOCO”) and Motion to Modify Stay. At the conclusion of the hearing, the court invited the parties to submit briefs on the issue of whether Mov-ant’s lien was superior to the lien of DOCO. This court, having considered the evidence presented and briefs of counsel, now publishes its Findings of Fact and Conclusions of Law.

*349FINDINGS OF FACT

The…