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MATTER OF DON'S ELEC., INC.

Adv. No. 84-0238-7.

65 B.R. 399 (1986)

In the Matter of DON'S ELECTRIC, INC., Debtor. CITY BANK AND TRUST COMPANY OF PORTAGE, Plaintiff, v. DON'S ELECTRIC, INC., United States Fidelity & Guaranty Company and A. Victoria Eherenman, in her capacity as trustee in bankruptcy, Defendants.

United States Bankruptcy Court, W.D. Wisconsin.

July 23, 1986.

Attorney(s) appearing for the Case

Michael P. May, Madison, Wis., Boardman, Suhr, Curry & Field, for plaintiff.

Patricia M. Gibeault, Brynelson, Herrick, Bucaida, Dorschel & Armstrong, Madison, Wis., for defendant U.S. Fidelity & Guar. Co.

MEMORANDUM DECISION

ROBERT D. MARTIN, Chief Judge.

Don's Electric, Inc. ("Don's"), a prime contractor on a number of construction projects, filed its chapter 7 petition in bankruptcy on September 7, 1982. The plaintiff, City Bank & Trust Co. of Portage ("the bank"), made several business loans to Don's prior to bankruptcy. A perfected security agreement grants the bank a first security interest in Don's "general...

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