Ahlbum v. Craig (In Re Craig)

MEMORANDUM AND ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

The plaintiff seeks to recover radio and navigational equipment (the avionics system) from the debtor estate.

FACTS

The plaintiff and the debtor entered into a contract of sale in which the debtor agreed (1) to buy from the plaintiff a Piper Cherokee 180 aircraft, to which the plaintiff held clear title, or (2) to find a buyer therefor. The contract calls for the sale of the aircraft for $18,500. to be paid “cash in full when sold or cash in full in ninety days, or adequate financing to be arranged.”

The aircraft was properly registered in…