First National Bank of Denver v. Turley

BRIGHT, Circuit Judge.

Mobilehome Marketing, Inc. (Mobile-home) appeals from the district court’s1 order affirming the bankruptcy court’s decision to deny relief from the automatic stay under 11 U.S.C. § 362(d) (Supp. Ill 1979) to a creditor with an unperfected security interest. Mobilehome argues on appeal that its security interest was perfected under South Dakota law and that the stay therefore should have been lifted, allowing Mobilehome or its assignee, the First National Bank of Denver, to repossess the property subject to the security interest. Additionally, Mobilehome contends that the…