Midwest Commerce Banking Co. v. Stookey Holsteins, Inc. (In Re Stookey Holsteins, Inc.)

ORDER

ROBERT K. RODIBAUGH, Bankruptcy Judge.

On July 12, 1988, Midwest Commerce Banking Company (“Midwest”) filed its Complaint to Determine Extent and Priority of Liens in Property of the Estate against Stookey Holsteins, Inc., the debtor-in-possession, and Select Embryos, Inc. (“Select”). The parties filed their Joint Stipulation of Facts on February 16, 1989, and the court took the matter under advisement on March 31,1989, following the time allowed for submitting briefs.

Background

The parties stipulated to the following facts which are relevant to this proceeding:

1. On September 3, 1986,…