Ag Venture Financial Services, Inc. v. Montagne (Montagne)

MEMORANDUM OF DECISION

COLLEEN A. BROWN, United States Bankruptcy Judge.

Granting Ag Venture’s Cross-Motion for Summary Judgment and Denying Diane Montagne’s and John Montagne’s Motion for Summary Judgment on Priority of Security Interests in Cash Proceeds

Ag Venture Financial Services, Inc. (“Ag Venture”), Diane Montagne, and John Montagne (collectively, the “Parties”) each claim rights to certain cash proceeds (the “Proceeds”) from a sale by Montagne Heifers, Inc. (“MHI”) of certain livestock (the “Collateral”) sold eleven months before Michael Montagne (the “Debtor”) filed for Chapter 12…