Union Planters Bank, N.A. v. Burns (In Re Gaylord Grain L.L.C.)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
KRESSEL, Chief Judge.
Union Planters Bank, N.A. appeals from an order of the bankruptcy court 1 granting the trustee’s motion to sell two vehicles free and clear of the bank’s security interest. Because we conclude that the bankruptcy court correctly granted the motion, we affirm.
BACKGROUND
On August 12, 1999, the bank executed a Commercial Security Agreement with the debtor, Gaylord Grain, LLP, in the amount of $250,000, listing as collateral all equipment, farm products, livestock and farm equipment. On August 16, 1999, the bank filed a UCC Form No. 1 with the Bloomfield, Missouri Recorder of…
2Cases cited18 opinions
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- In Re CollinsUnited States Bankruptcy Court, E.D. Virginia · 1995
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