Spectrum Scan LLC v. Valley Bank & Trust Co. (In Re Tracy Broadcasting Corp.)

CORRECTED ORDER GRANTING PLAINTIFFS’ MOTIONS FOR SUMMARY JUDGMENT AND DENYING DEFENDANT’S MOTION FOR SUMMARY JUDGMENT 1

A. BRUCE CAMPBELL, Bankruptcy Judge.

This matter comes before Court on the Cross-Motions for Summary Judgment filed by Plaintiff, Spectrum Scan LLC (“Spectrum”), Plaintiff^Chapter 11 Trustee, Joli Lofstedt (“Trustee”), and Defendant Valley Bank and Trust Co. (“Bank”). The Court having reviewed the Motions, the materials submitted in support thereof, and the file in this matter, finds and concludes as follows.

Background

Tracy Broadcasting Corporation (“Debt- or”) operates an FM…