Cookeville Production Credit Ass'n v. Frazier (In Re Frazier)

MEMORANDUM

PAUL E. JENNINGS, Bankruptcy Judge.

Debtors own and operate an agriculture nursery and landscaping business in DeKalb County, Tennessee under the name of Frazier Brothers Nursery. From the evidence and pleadings it appears that Cookeville Production Credit Association (P.C.A.) extended credit to the Debtors on a number of occasions. P.C.A. alleges Debtors’ total indebtedness to P.C.A. as of February 9, 1981 was $33,338.95. P.C.A. further alleges that it has a valid and perfected security interest in the following items owned by the Debtors: all nursery stock, all tractors, all farm…