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IN RE COMPUTER ROOM, INC.

Bankruptcy No. 81-7105, Adv. No. 81-1417.

24 B.R. 732 (1982)

In re The COMPUTER ROOM, INC., Debtor. PEOPLES BANK OF TUSCALOOSA, Plaintiff, v. The COMPUTER ROOM, INC., debtor; Claude M. Burns, Attorney for debtor; First Alabama Bank of Tuscaloosa, N.A.; Citizens Bank of Northport; and Al L. Vreeland, Trustee, Defendant.

United States Bankruptcy Court, N.D. Alabama, W.D.

November 12, 1982.

Attorney(s) appearing for the Case

Randolph M. Fowler, Tuscaloosa, Ala., for plaintiff, Peoples Bank of Tuscaloosa.

Claude M. Burns, Tuscaloosa, Ala., for debtor, The Computer Room, Inc.

Robert P. Reynolds, Tuscaloosa, Ala., for creditor, First Alabama Bank of Tuscaloosa, N.A.

Albert G. Lewis, III, Tuscaloosa, Ala., for creditor, Citizens Bank of Northport.

GEORGE S. WRIGHT, Bankruptcy Judge.

ORDER OF THE COURT

The issue before the Court is whether the doctrine of marshaling of assets should be invoked.

I. FINDINGS OF FACT

1. The Computer Room, Inc. filed a Chapter 7 petition on November 25, 1981.

2. On July 1, 1981, the creditor, First Alabama Bank of Tuscaloosa, N.A. (FAB) perfected a general security interest in debtor's accounts receivable, inventory (including tangible personal...

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