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IN RE JOHN OLIVER CO.

Bankruptcy No. 88-334.

129 B.R. 1 (1991)

In re JOHN OLIVER CO., Debtor.

United States Bankruptcy Court, D. New Hampshire.

June 4, 1991.

Attorney(s) appearing for the Case

Geraldine Brotherton, U.S. Trustee, Boston, Mass.

J. Michael Deasy, Deasy & Dwyer, Nashua, N.H., as sp. counsel to Trustee & Atty. for debtor.

Roland E. Morneau, Grinnell & Bureau, Derry, N.H., for claimant John Oliver, Sr.

Andre Barbeau, N.H. Dept. of Employment Sec., Concord, N.H., for the N.H. Dept. of Employment Sec.

Dennis G. Bezanson, So. Portland, Me., Trustee.

Timothy Smith, Manchester, N.H., for the Creditors Committee.

MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

In this case, the Chapter 7 trustee objected to the claim of John Oliver, Sr. of $62,000.001 as not being a valid secured claim principally because "there is no security agreement substantiating the grant of any security interest." The claimant contends that the financing statements also serve as a security agreement. Those statements were filed on April 29 and May 1, 1987...

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