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IN RE GLADE SPRINGS, INC.

No. 86-5206.

826 F.2d 440 (1987)

In re GLADE SPRINGS, INC., Debtor. CHEMICAL BANK, Claimant-Appellant, v. D. Broward CRAIG, Trustee of David A. Crabtree, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided August 13, 1987.

Attorney(s) appearing for the Case

L. Caesar Stair III, argued, Bernstein, Susano and Stair, Knoxville, Tenn., Harold N. Schwinger, Zalkin, Rodin & Goodman, of counsel and on the brief, New York City, for claimant-appellant.

Michael H. Fitzpatrick, Jenkins and Jenkins, Knoxville, Tenn., Mark C. Ellenberg, argued, Cadwalader, Wickersham and Taft, Washington, D.C., John A. Walker, Walker and Walker, Knoxville, Tenn., for defendant-appellee.

Before MERRITT and MARTIN, Circuit Judges and BROWN, Senior Circuit Judge.

BAILEY BROWN, Senior Circuit Judge.

Claimant-Appellant Chemical Bank (Chemical) appeals a judgment of the United States District Court for the Eastern District of Tennessee which reversed a federal bankruptcy court decision in which Chemical was found to be a secured creditor under a deed of trust. Chemical now contends that the district court erred by determining that Chemical was merely a general unsecured creditor. Because we believe that Chemical is equitably...

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