NCNB Financial Services, Inc. v. Stevcoknit, Inc. (In Re Stevcoknit Inc.)

MEMORANDUM & ORDER

KEVIN THOMAS DUFFY, District Judge:

NCNB Financial Services, Inc. (“NCNB”) appeals from Bankruptcy Judge Lifland’s order denying it summary judgment, and granting summary judgment to the debtors (hereinafter referred to as “Stevco”). NCNB claims that as assignee of its factored client Stedman Corp. (“Stedman”) it has a valid lien upon certain goods of Stev-co. It asserts that the bankruptcy judge’s failure to so find was reversible error. For the reasons that follow, I affirm Judge Lifland’s grant of summary judgment in Stevco’s favor.

I

Appellant NCNB is a North Carolina…