Legal Opinion
Snap-On Tools, Inc. v. Freeman (In re Freeman)
Court of Appeals for the Eleventh Circuit
Decided March 23, 1992No. 91-7341PublishedCited by 18 opinions
1Opinion of the Court
GODBOLD, Senior Circuit Judge:
This is an appeal by a creditor from a bankruptcy court judgment, permitting debtor to avoid the creditor’s lien as a non-possessory, non-purchase money security interest. We affirm.
Freeman is an auto mechanic. Beginning some time before June 1987, a Snap-On dealer sold tools to Freeman on a non-interest bearing “Revolving Account” (RA) basis. In February 1988 Freeman purchased new tools, and the dealer assigned his interest in the RA to Snap-On. Snap-On financed the purchase and executed an “Extended Credit” agreement (EC) with Freeman. The property was…
2Cases cited7 opinions
- Manuel v. PierceCourt of Appeals for the Fifth Circuit · 1975
- Southtrust Bank of Alabama, National Association, Formerly Named Birmingham Trust National Bank v. Borg-Warner Acceptance Corp., a CorporationCourt of Appeals for the Eleventh Circuit · 1985
- Coomer v. Barclays American Financial, Inc. (In Re Coomer)United States Bankruptcy Court, E.D. Tennessee · 1980
- In Re Connecticut Aerosols, Inc.District Court, D. Connecticut · 1984
- Energrey Enterprises, Inc. v. Oak Creek Energy Systems, Inc.District Court, E.D. California · 1990
2 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- In Re PetrocciUnited States Bankruptcy Court, N.D. New York · 2007
- Iberiabank v. Bradford GeisenCourt of Appeals for the Eleventh Circuit · 2015
- In Re American Cartage, Inc.Court of Appeals for the First Circuit · 2011
- Americredit Financial Services, Inc. v. Penrod (In Re Penrod)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2008
- City Sanitation, LLC v. Allied Waste Services of Massachusetts, LLCCourt of Appeals for the First Circuit · 2011
13 more not listed; retrieve them via the Exa API.