Crooked Creek Corp. v. Primebank & Oyens Feed & Supply, Inc. (In Re Crooked Creek Corp.)

DECISION

WILLIAM L. EDMONDS, Bankruptcy Judge.

In this adversary proceeding, Crooked Creek Corporation (hereinafter “debtor”) seeks a determination of the priority of liens claimed against livestock sales proceeds by Primebank and Oyens Feed & Supply, Inc. Primebank claims a security interest in the proceeds by virtue of perfected security agreements which secure two promissory notes. Oyens Feed & Supply, Inc. (hereinafter “Oyens”) claims an agricultural supply dealer’s lien in the proceeds pursuant to the provisions of Iowa Code Chapter 570A and orders entered by this court. Each creditor…