General Motors Acceptance Corp. v. Busenlehner (In re Busenlehner)

This case arises from the district court’s reversal of the bankruptcy court’s grant of the trustee’s motion for summary judgment.

I. FACTUAL BACKGROUND

On March 31, 1988, twenty-seven days before filing for bankruptcy, Alfred D. Bu-senlehner and Faye Elaine Busenlehner (the “Debtors”) purchased a used car from McGiboney Pontiac Buick GMC in Atlanta, Georgia (the “Dealer”). The Debtors chose to finance the purchase of the car so they entered into a sales contract and a security agreement. The Dealer assigned the sales contract and security agreement to GMAC on the same day.

On April 13, 1988, the…