In Re Garrison

OPINION-ORDER

J. WENDELL ROBERTS, Bankruptcy Judge.

This case is before the Court on the objection of the Trustee to the claim of Public Finance Corporation (hereinafter “Public Finance”) in the amount of $3,205.95, as a secured claim on the ground that prior to the filing of the petition, the debtor sold the property to a third party. For the following reasons, we sustain the Trustee’s objection and disallow the claim as secured.

The debtor became indebted to creditor, Public Finance, under a note and security agreement signed between the parties on May 15, 1987. Under the security agreement,…