Ingersoll-Rand Financial Corp. v. James E. Nunley, (2 Cases)

ERVIN, Circuit Judge:

James E. Nunley, trustee in bankruptcy for the debtor, Chloe Creek Corporation (Chloe Creek), appeals from the order of the district court reversing the bankruptcy court’s decision that Ingersoll-Rand Financial Corporation (Ingersoll-Rand) had not perfected its security interest in certain mining equipment in accordance with Article IX of the Uniform Commercial Code. The district court held that Ingersoll-Rand’s security interest in the mining equipment was perfected under UCC § 9-305 and, therefore, superior to the lien creditor status of Chloe Creek’s trustee in…