Deutsche Credit Corp. v. Lowe (In Re Torgerson Co.)

OPINION

RONALD B. KING, Bankruptcy Judge.

Deutsche Credit Corporation (“Deutsche Credit”), a creditor of the Debtor, The Tor-gerson Company (“Torgerson”), initiated this adversary proceeding by filing its “Complaint to Determine Property of the Estate and Validity, Priority and Extent of Lien” shortly after the case was converted from Chapter 11 to Chapter 7. The central issue is whether Deutsche Credit’s lien or the lease of Miller Leasing Company (“Miller Leasing”) has priority in connection with a Coyote C72B loader (the “loader”) which Torgerson originally purchased. Judgment will be…