Chiasson v. Chaparral Steel Co. (In Re Confabco, Inc.)

MEMORANDUM OPINION

JERRY A. BROWN, Bankruptcy Judge.

This matter comes before the Court upon cross motions for partial summary judgment filed by Michael Chiasson, Trustee (“trustee”) for Confabco, Inc. (“Confabco”) (Pl. 11) and by Chaparral Steel Company (“Chaparral”) (Pl. 8). The parties are in agreement that there are no genuine issues of material fact and that judgment should be entered as a matter of law. The court has reviewed the pleadings, record, and applicable law, and makes the following determinations. 1

I. FINDINGS OF FACT

On November 1,1991, an officer of Confab-co executed a secured…