In the Matter of Zondel Katz, Etc., Bankrupt. Gulf National Bank v. Paul M. Franke, Jr.

On July 31,1974, Zondel Katz, an individual, filed a voluntary petition in bankruptcy, styled “Zondel Katz d/b/a Zondel Gardner, a General Partnership.” 1 Gulf National Bank (Bank), claiming to. be a secured creditor, filed a reclamation petition in which it asserted a right to the bankrupt’s inventory as well as to any of the bankrupt’s accounts. The bankruptcy judge denied the petition and the district court affirmed.

The Trustee’s first, and most general contention, is that under Mississippi law a Uniform Commercial Code (UCC) financing statement which names a partnership as the debtor is…