Walker v. Finch (In Re Padgett)

MEMORANDUM-OPINION

G. WILLIAM BROWN, Bankruptcy Judge.

This case is before the Court sua sponte, for resolution of issues concerning the validity and perfection of security interests of two banks as against the Trustee and priority between the banks, as well as the Trustee’s entitlement to administrative expenses and commission.

The debtors herein, Charles Hasten Pad-gett and Dona Jeanne Padgett, filed a joint Chapter 7 petition on October 1, 1981. The Plaintiff in this adversary proceeding was duly appointed Trustee, and the debtors were discharged on March 10,1982. In the debtors’ petition,…