American Plating & Manufacturing Co. v. Liberty National Bank

MEMORANDUM OPINION

ALLEN, Chief Judge.

This appeal from the bankruptcy order entered April 26, 1978 raises the question of the sufficiency of a security agreement-financing statement executed on August 25, 1977.

The security agreement executed by the bankrupt to the appellee bank, Liberty National Bank and Trust Company is as follows:

“All present and future accounts receivable, inventory, equipment, contract rights and chattel paper, whether arising from the sale, lease or other disposition of inventory or the rendition of services, or otherwise, and all returned or repossessed goods related…