Legal Opinion
In Re Kelton Motors, Inc.
United States Bankruptcy Court, D. Vermont
Decided June 13, 1990No. 19-10106PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OF DECISION GRANTING RELIEF FROM AUTOMATIC STAY
FRANCIS G. CONRAD, Bankruptcy Judge.
Movants seek relief from the automatic stay 1 to apply a credit against an amount due them from Kelton Motors, Inc. (Debt- or). Trustee objects and claims Movants were not properly perfected under Article Nine of Vermont’s UCC, 9A Vt.Stat.Ann. §§ 9-101, et seq., because the “all inventory” descriptions in Movants’ financing statements do not expressly include property Debtor may acquire after the execution of the financing agreements. We hold under the facts of this proceeding that the “all…
2Cases cited34 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- In the Matter of Excel Stores, Inc. And Excel Enterprises, Inc., Bankrupts, National Cash Register CompanyCourt of Appeals for the Second Circuit · 1965
- James Talcott, Inc. v. Franklin Nat. Bank of Mpls.Supreme Court of Minnesota · 1972
- Mitchell v. Shepherd Mall State BankCourt of Appeals for the Tenth Circuit · 1972
- In Re Cynthia K. McBee D/B/A Oak Hill Gun Shop, Debtor. National Bank of Texas v. West Texas Wholesale Supply Company v. Republicbank-Austin, Appellee-AppellantCourt of Appeals for the Fifth Circuit · 1983
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3Cited by4 opinions
- AG Venture Financial Services, Inc. v. Montagne (Montagne)United States Bankruptcy Court, D. Vermont · 2009
- Stoumbos ex rel. Whitesides v. KilimnikCourt of Appeals for the Ninth Circuit · 1993
- Ag Venture Financial Services, Inc. v. Montagne (Montagne)United States Bankruptcy Court, D. Vermont · 2009
- Bankr. L. Rep. P 75,183, 20 Ucc rep.serv.2d 333 Zachary Stoumbos, Trustee, as Successor to Dale v. Whitesides, Trustee, Plaintiff-Appellant-Cross-Appellee v. Walter Kilimnik, an Individual, Aam Aerospace & Corrosion International, Inc., a Washington Corporation, D/B/A Aerospace & Corrosion International, Inc., Defendants-Appellees- Cross-AppellantsCourt of Appeals for the Ninth Circuit · 1993