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IN RE HART

Bankruptcy No. 381-00104, Adv. No. 381-0143.

30 B.R. 14 (1983)

In re Gerald Dean HART & Nancy Katherine Hart, d/b/a Jerry's TV & Appliance, Debtors. The LITCHFIELD NATIONAL BANK, a national banking corporation, Plaintiff, v. Gerald Dean HART, Nancy Katherine Hart, d/b/a Jerry's TV & Appliance, Russell C. Roberts, Trustee, National Bank of Mt. Olive, Borg-Warner Acceptance Corp., Defendants.

United States Bankruptcy Court, C.D. Illinois.

May 16, 1983.

Attorney(s) appearing for the Case

G. Bradley Hantla, Ltd., Litchfield, Ill., for Litchfield Nat. Bank, a nat. banking corp.

D. Bradley Blodgett, Gillespie, Cadigan & Gillespie, Springfield, Ill., for Borg-Warner Acceptance Corp.

OPINION AND ORDER

BASIL H. COUTRAKON, Bankruptcy Judge.

This matter comes for hearing on a Reclamation Petition filed by the Litchfield National Bank (hereinafter the bank) requesting the proceeds of the sale of certain property held by the debtors, Gerald Dean and Nancy Katherine Hart, at the filing of their Petition in Bankruptcy. Both the bank and Borg-Warner claim the proceeds by reason of perfection and/or filing under Illinois law.

On May 7...

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