Ford Motor Credit Co. v. Sherwood Ford, Inc. (In Re Sherwood Ford, Inc.)

MEMORANDUM OPINION GRANTING MOTION TO MODIFY AUTOMATIC STAY

JAMES F. SCHNEIDER, Bankruptcy Judge.

The question presented in this motion to modify automatic stay is whether a creditor's prepetition security interest in a debtor’s inventory and proceeds extends to postpetition inventory and proceeds. The instant motion is entitled “Motion for Relief from Automatic Stay to Permit Setoff,” but Ford Motor Credit Company, the mov-ant, has acknowledged that the setoff it seeks is not the same brand referred to in Section 553 of the Bankruptcy Code. This is fortunate for the movant, because the right…