In Re Infiltrator Systems, Inc.

RULING ON OBJECTION TO NOTICE OF TRANSFER OF CLAIM FOR SECURITY PURSUANT TO FED. R.BANKP. 3001(e) (I)

ROBERT L. KRECHEVSKY, Bankruptcy Judge.

I

ISSUE

At issue in this proceeding is whether a foreign judgment creditor of a claimant who has filed a proof of claim in the debt- or’s estate may utilize Fed.R.Bankr.P. 3001(e)(4) 1 to effectuate a transfer for security of the claimant’s claim to the judgment creditor. The parties have submitted the matter upon a stipulation of facts and briefs. The court, in resolving this issue, also necessarily decides whether a holder of a foreign judgment can create…