In Re Wm. Wolf Bakery, Inc.

REASONS FOR JUDGMENT

A. LEON HEBERT, Bankruptcy Judge.

Seaboard Allied Milling Corporation (Seaboard) seeks adequate protection from the debtor for monies collected on accounts receivable allegedly assigned to it. Alternatively, Seaboard contends that it is entitled to have its claim treated as an administrative expense under § 503(b) of the Bankruptcy Code.

The debtor and Seaboard executed a Security Agreement and Statement of Accounts Receivable on February 28, 1980. The assignment was on accounts generated from the Baton Rouge plant of the debtor. Thereafter, deliveries of flour were made to…