First National Bank of Colorado Springs v. Hamilton (In Re Hamilton)

ORDER DETERMINING RIGHTS OF BANK

JOHN F. McGRATH, Bankruptcy Judge.

The Court is here called upon to determine the rights of the Plaintiff, First National Bank of Colorado Springs (Bank), regarding its original security agreement with the Debtor/Defendant, Noble J. Hamilton, covering after-acquired property, and regarding the subsequent oral agreement between these same parties whereby the Bank was to receive 50 percent of the proceeds from all monies received upon which the Bank had an interest. Specifically, the questions which must be addressed in order to make a complete determination of…