PEOPLES COMMUNITY BANK v. Helms

Peoples Community Bank ("the Bank") appeals from a judgment of the Barbour Circuit Court in favor of Gerald A. Helms and Johnnie P. Helms, a married couple. Because we conclude that the court's finding with regard to the Bank's security interest in certain property that the court awarded to the Helmses was erroneous, we reverse and remand.

Timothy Dawkins engaged in the business of buying and selling vehicles under the name D S Motors. D S was an unincorporated, sole proprietorship. D S obtained a line of credit from the Bank on July 30, 1999, in the amount of $51,050.65; the Bank agreed to…