Associates Commercial Corp. v. Trim-Lean Meat Products, Inc. (In Re Trim-Lean Meat Products, Inc.)

HELEN S. BALICK, Bankruptcy Judge.

MEMORANDUM OPINION

Associates Commercial Corporation (“Associates”) seeks to reclaim a 1979 Peterbilt truck-tractor from Warren F. Beasley, trustee of Trim-Lean Meat Products, Inc. (“Trim-Lean”). Trim-Lean is the subject of an involuntary reorganization petition filed October 3,1979 on which an order for relief was entered November 8, 1979. Associates filed a secured proof of claim in the sum of $62,021.44 on February 6, 1980 and this adversary proceeding on February 13. Trial was held March 24.

On June 25, 1979, Trim-Lean purchased and took possession of a…