Fousek v. Nepco Federal Credit Union (In re Peek)

MEMORANDUM DECISION

PEDER K. ECKER, Bankruptcy Judge.

The trustee filed complaints to determine the validity, priority, and extent of the creditor’s liens on the debtors’ vehicles. The complaints came on before the Court for pre-trial conference and the parties agreed to present the matters to the Court on a stipulation of facts. The captioned cases have been consolidated for decision of common issues. The facts are uncontro-verted.

At the time of filing a Chapter 7 petition, the debtors owned a 1979 Chevrolet pickup truck, vehicle No. CCS349Z148479, and a 1974 Ford pickup truck, vehicle No.…