In Re Bill Heard Enterprises, Inc.

MEMORANDUM OPINION

JACK CADDELL, Bankruptcy Judge.

This ease is before the Court on motion filed by GMAC, LLC (“GMAC”) to compel General Motors Corporation (“GM”) to turnover funds being held in GM’s open accounts for each of Bill Heard’s dealerships for which GMAC provided floor plan financing. (DK # 485) On December 4, 2008, GMAC filed a motion for entry of summary judgment in its favor and against GM seeking an order: (1) confirming GMAC’s priority security interest to the GM open account balances as superior to any interest, right of offset or recoupment or claim by GM; (2) barring GM from…