Vinings Bank v. Brasfield & Gorrie, LLC

Miller, Judge.

This case arises from a defaulted $1.4 million business loan that Vinings Bank (“the Bank”) made to Wagener Enterprises, Inc. (“WEI”). As partial collateral for the $1.4 million loan, WEI granted the Bank a security interest in all of its accounts and accounts receivable, including WEI’s contract to provide dry wall services work for general contractor Brasfield & Gorrie (“B&G”) on multiple construction projects. After WEI defaulted on the loan, the Bank filed suit against B&G, seeking to collect on WEI’s accounts receivable and alleging conversion. B&G filed a counterclaim for…