Ford Motor Credit Co. v. R & S Machine Co. (In re R & S Machine Co.)

MEMORANDUM OF DECISION

ROBERT L. KREGHEVSKY, Chief Judge.

I

Before the court is the motion of Ford Motor Credit Company (FMCC) for relief from the automatic stay imposed by § 362(a) of the Bankruptcy Reform Act of 1978 (Code). FMCC seeks modification of the stay in order to enforce its alleged rights under a security agreement covering a Ford automobile registered in the name of R & S Machine Company, the debtor in possession (debtor). The debtor opposes the motion on the sole ground that FMCC does not hold an enforceable security interest. It does not dispute FMCC’s proof that FMCC’s debt…