Gibson v. Chrysler Credit Corp.

ORDER

LEWIS M. KILLIAN, Jr., Bankruptcy Judge.

THIS MATTER came on to be heard upon cross-motions for summary judgment on the trustee’s amended complaint for avoidance of a preferential transfer pursuant to § 547(b) of the Bankruptcy Code. The sole issue before the Court is whether under the circumstances of this case, the defendant/creditor perfected its security interest in the debtor’s automobile within ten (10) days of the date the debtor took possession of the vehicle. Upon the following facts as stipulated to by the parties, the Court makes it’s conclusions of law:

1) On May 18,1987,…