Truman v. United States (In Re Tri-Sonic, Inc.)

MEMORANDUM OPINION

JOHN FLOWERS, Bankruptcy Judge.

This case involves three questions: (1) whether the trustee can take an assignment of liens he attacked as voidable and use them against the junior lien holders, (2) the validity of such liens against the junior claimants, and (3) whether certain tax liens should be postponed to the payment of administrative costs and wage claims.

The bankrupt was engaged in the business of manufacturing boats and operating a marina. Over the years numerous iiens were given on the bankrupt’s assets and various assignments have been made of these liens. The…