Credit Bureau of Broken Bow, Inc. v. Moninger

This is an appeal from an order of the District Court for Custer County which affirmed a judgment entered by the county court of Custer County awarding the proceeds from a sheriffs sale of a 1975 Ford pickup truck to the Broken Bow State Bank (hereinafter referred to as Bank). We reverse and remand.

The facts which give rise to this action are not in dispute. The Credit Bureau of Broken Bow, Inc. (hereinafter referred to as Bureau) obtained a default judgment against John Moninger (hereinafter referred to as Moninger) in the amount of $1,518.27 on October 20, 1977. No appeal was taken from…