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IN RE TEEL

Bankruptcy No. 780-00027, Adv. No. 780-0021.

9 B.R. 85 (1981)

In re Wayne Estes TEEL, d/b/a Teel Music Co., Debtor. BORG-WARNER ACCEPTANCE CORPORATION, Plaintiff, v. James DUGGER, Trustee, Morgan Leasing Company, Southwest National Bank, U.S. Small Business Administration, Kimball Piano Company, and Conn Music Co., Defendants.

United States Bankruptcy Court, N.D. Texas, Wichita Falls Division.

February 5, 1981.

Attorney(s) appearing for the Case

Roger Lee, Wichita Falls, Tex., for plaintiff.

John D. Copeland, James W. Dugger, Wichita Falls, Tex., for defendants.

JOHN C. FORD, Bankruptcy Judge.

OPINION OF THE COURT

Borg-Warner Acceptance Co. (hereinafter Borg-Warner) commenced this proceeding to establish that its security interest is superior to the interest of Morgan Leasing Company (hereinafter Morgan Leasing) with respect to twenty-two Kimball organs in the possession of the debtor. The debtor was engaged in two music related enterprises in Wichita Falls, Texas. On January 20, 1977, the debtor granted Borg-Warner...

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