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IN RE C.J. ROGERS, INC.

Bankruptcy No. 91-20388, Adv. No. 92-2170.

150 B.R. 413 (1992)

In re C.J. ROGERS, INC., Debtor. William H. GRABSCHEID, Trustee, Plaintiff, v. CALVERT SALES, INC., Defendant.

United States Bankruptcy Court, E.D. Michigan, S.D., Flint.

November 23, 1992.

Attorney(s) appearing for the Case

Jay N. Siefman, Birmingham, MI, for plaintiff.

Joseph J. Fabrizio, Bloomfield Hills, MI, for defendant.

MEMORANDUM OPINION ON PARTIES' CROSS MOTIONS FOR SUMMARY JUDGMENT

ARTHUR J. SPECTOR, Bankruptcy Judge.

The facts relevant to the parties' cross-motions for summary judgment are undisputed. On October 19, 1990, the Debtor purchased equipment from Calvert Sales, Inc. pursuant to an installment sales/loan agreement whereby Calvert retained a security interest in the equipment. The Debtor executed two UCC-1 financing statements describing the equipment. On October...

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