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IN RE TOWERY

Bankruptcy No. 48500057.

53 B.R. 76 (1985)

In re Kenneth TOWERY Judith Towery, Debtors.

United States Bankruptcy Court, W.D. Kentucky.

September 13, 1985.

Attorney(s) appearing for the Case

Sandra D. Freeburger, Sebree, Ky., for debtor.

Russ Wilkey, Owensboro, Ky., trustee.

R. Allen Wilson, Owensboro, Ky., for Sperry Financial Corp.

Douglas A. Wetzel, Owensboro, Ky., for Chrisney State Bank.

OPINION

MERRITT S. DEITZ, Jr., Bankruptcy Judge.

Here we juxtapose two narrow exceptions to two general rules from two complex code structures to find the solution to a comparatively minor dispute. The facts are simple. The interplay between the statutes is not. We will begin with the facts.

Kenneth Towery, now bankrupt, bought farm equipment on credit from two farm stores, and on the related financing statements and security agreements gave his...

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