In Re La Selle's Bicycle World

MEMORANDUM OPINION

STEPHEN J. COVEY, Bankruptcy Judge.

This cause comes on for hearing upon the motion of Arkansas Valley State Bank (“AVSB”) requesting issuance of an order to the Trustee to disburse the proceeds generated from the sale of inventory consisting of approximately sixty (60) bicycles and miscellaneous parts.

The parties stipulated to the facts as follows:

1. On November 21, 1985, the Debtor entered into a line of credit, promissory note and security agreement with AVSB. Financing statements were signed and properly filed with the Oklahoma County Clerk on December 3 and 4, 1985. The…