Federal Deposit Insurance Corp. v. Fidelity Electronics, Ltd. (In Re Fidelity Electronics Ltd.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

A. JAY CRISTOL, Bankruptcy Judge.

THIS CAUSE, having come on to be heard upon a Complaint to Determine Ownership of Property and Validity, Priority and Extent of Security Interest and a Counterclaim and Crossclaim by the Trustee claiming an interest under 11 U.S.C. § 544, and the Court having examined the evidence presented, considered the argument of counsel and be otherwise fully advised in the premises, does hereby makes the following Findings of Fact and Conclusions of Law:

On August 3, 1981, and subsequently on April 18, 1983, Loan and Security…