Huisinga v. Security Bank & Trust Co. (In Re Drewes)

FINDINGS OF FACT, DISCUSSION AND CONCLUSIONS OF LAW, and ORDERS Voiding Defendant’s Security Interest; ORDER Directing Turnover of Funds

MICHAEL J. MELLOY, Bankruptcy Judge.

The matter before the Court involves Trustee’s complaint to avoid a security interest and for turnover of funds. The Court having reviewed the stipulated facts and memoranda of law submitted by the parties, now makes the following Findings of Fact, Conclusions of Law, and Order pursuant to F.R.B.P. 7052. This is a core proceeding under 28 U.S.C. Section 157(b)(2)(E).

FINDINGS OF FACT

On February 15, 1983, the Debtors, Vaughn…