People State Bank v. General Electrical Capital Corp.

DENNIS, Circuit Judge.

In this case, we review decisions by the bankruptcy and district courts resolving the competing claims of two secured creditors, Peoples State Bank (“Peoples State”) and General Electric Capital Corporation (“General Electric”), to proceeds resulting from an auction of non-titled movables1 formerly owned by a bankrupt corporation, Ark-La-Tex, and its two related juridical persons, Alba Source, L.L.C. and Pearl Equipment Company. We affirm.

General Electric brought this suit in Louisiana state court to recover sums delivered by the auctioneer to Peoples State but allegedly…