Franklin First Savings Bank v. Kizis (In Re Kizis)

OPINION 1

JOHN J. THOMAS, Bankruptcy Judge.

This Motion calls into question the interaction between 11 U.S.C. § 552(a), § 552(b), and 13 Pa.C.S.A. § 9306(a) (“proceeds”; rights of secured party on disposition of collateral) and the terms of an executed security agreement and financing statements executed by both Debtors and the Movant Bank. The particular issue presented for resolution is whether the Bank has a perfected security interest in the male Debtor’s renewal insurance commissions earned postpetition by reason of the employer’s prepetition agency contract with the male Debtor. Renewal…