Ostrander v. Gardner (In Re Millivision, Inc.)

MEMORANDUM OF DECISION

HENRY J. BOROFF, Bankruptcy Judge.

Before this Court are (i) “Plaintiffs Motion for Summary Judgment,” filed by David W. Ostrander as Chapter 7 trustee of Millivision, Inc. (respectively, the “Trustee” and the “Debtor”); (ii) “Defendants’ Motion for Summary Judgment,” filed by Michael Gardner and Roy Furman (individually “Gardner” or “Furman,” collectively the “Defendants”); and (iii) a “Motion to Amend Complaint,” filed by the Trustee. The central issues are whether the perfection of a security interest in a debtor’s assets four (4) days after the commencement of an…