American National Bank & Trust Co. of Chicago v. Matrix IV, Inc. (In Re S.M. Acquisition Co.)

ADDITIONAL FINDINGS OF FACT AND CONCLUSIONS OF LAW FOLLOWING REMAND

JACK B. SCHMETTERER, Bankruptcy Judge.

PROCEDURAL HISTORY

This Adversary proceeding relates to the Chapter 11 bankruptcy case filed by S.M. Acquisition Co. (“Stylemaster” or “Debtor”). Plaintiff American National Bank and Trust Company of Chicago (“Bank” or “American”) 1 sued Matrix IV, Inc.(“Matrix”) seeking a declaratory judgment that its lien in the Debtor’s molds (“collateral”) is superior to any lien possessed by Matrix.

Following trial, it was originally held and adjudged that while Matrix held a possessory hen on subject…