Transport Acceptance Corp. v. Crosby (In re Crosby)

MEMORANDUM

ROBERT L. TAYLOR, District Judge.

Transport Acceptance Corp. (Transport) appeals from a judgment of the United States Bankruptcy Court for the Eastern District of Tennessee. The Bankruptcy Court held that defendants-appellees, Interstate Contract Carriers Corp. and its subsidiary Carrier Rentals, Inc. (hereinafter referred to collectively as Carrier) have a security interest in a 1975 Chevrolet tractor superior to Transport’s interest. Bkrtcy., 19 B.R. 436. The issue on appeal is whether Carrier’s security interest in the tractor is superior to the security interest of Transport. The…