In the Matter of Wayco, Incorporated, Debtor. Appeal of Clifton G. Owens, Trustee of Bankruptcy of Wayco Incorporated

COFFEY, Circuit Judge.

Appellant Clifton G. Owens, trustee of the bankruptcy estate of Wayco, Inc., appeals a grant of summary judgment in favor of appellee Becker & Phillips. The district court ruled that security deposits provided by tenants to the debtor/landlord (Wayco, Inc.), now held in the appellee’s separate trust account, do not constitute property of the bankruptcy estate. We affirm.

I

Bankruptcy trustee Clifton G. Owens seeks funds held by Becker & Phillips, attorneys for the debtor, Wayco, Inc. (“Way-co”). Wayco had been engaged in business as a residential landlord and had several…