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IN RE SCHEID'S, INC.

No. 71-397.

342 F.Supp. 290 (1972)

In the Matter of SCHEID'S, INC., Bankrupt.

United States District Court, E. D. Pennsylvania.

April 6, 1972.

Attorney(s) appearing for the Case

Laputka, Bayless, Ecker & Cohn, Hazleton, Pa., for Peoples First Nat. Bank & Trust.

Wexler, Weisman, Maurer & Forman, Philadelphia, Pa., for Trustee.

MEMORANDUM AND ORDER

TROUTMAN, District Judge.

On January 21, 1970, Scheid's, Inc. (the Debtor) borrowed $40,000 from People's First National Bank and Trust Company of Hazleton, Pennsylvania (the Bank), for which the Debtor gave its collateral note in the same amount to the Bank. On the following day, the Debtor gave the Bank a security interest in "All Accounts Receivable in Bulk Held by all wholesale and retail...

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