Rameker v. Farmers State Bank (In Re Lynch)

MEMORANDUM DECISION

ROBERT D. MARTIN, Chief Judge.

William J. Rameker (the “Trustee”) filed a complaint against Farmers State Bank (the “Bank”) under 11 U.S.C. § 544(a). The complaint alleged that the Bank’s financing statement for its security interest in the Debtor’s personal property is defective in that it doesn’t describe the collateral sufficiently. The Bank denied that the financing statement is defective.

In February 2002, the Debtor executed and delivered to the Bank a business note in the amount of $31,279.67. To secure the note, the Debtor gave the Bank a General Business Security…