Westinghouse Credit Corp. v. Central Trust Co. (In Re Leonardo)

MEMORANDUM AND DECISION

EDWARD D. HAYES, Bankruptcy Judge.

In this matter, an action had been started by Westinghouse Credit Corporation seeking the marshalling of assets of the debtor. After a pretrial conference, the parties hereto have stipulated to the facts and submitted the case based upon those facts and their briefs. The matter is now ready for disposition.

The facts appear to be as follows. Central Trust Company, Westinghouse Credit Corporation and the Small Business Administration are secured creditors of Eugene Leonardo, the debtor herein. Each has a security interest in the debtor’s…