A-I Credit Corp. v. Big Squaw Mountain Corp. (In Re Big Squaw Mountain Corp.)

MEMORANDUM OF DECISION

JAMES B. HAINES, Jr., Bankruptcy Judge.

A-I Credit Corporation (“A-I”) has moved for summary judgment seeking a determination that it is entitled to funds held by the trustee on account of a refund of unearned insurance premiums under policies previously insuring the Debtor, Big Squaw Mountain Corp. (“Big Squaw”). A-I claims an ongoing security interest in those funds by virtue of a premium financing agreement that it entered into with Big Squaw before the bankruptcy case was initiated. The motion is before the court on facts stipulated by the parties. Resolution of the…