In the Matter of Caldwell Joseph Trahan. Rodney Bernard, Jr., Trustee v. Beneficial Finance Company

In this bankruptcy case the United States District Court for the Western District of Louisiana concluded that the appellee’s claim is a secured claim and that it should be paid in due coarse as a secured creditor under the law of Louisiana affording a vendor’s privilege to a seller of merchandise, LSA-C.C. Art. 3227. It decided that the appellee was the holder of a statutory lien valid against the trustee under the bankruptcy statutes. 283 F.Supp. 620.

The district court wrote a well-reasoned and exhaustive opinion which fully sets forth the factual and legal issues involved. It is our…