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IN RE TIP TOP FURNITURE CO., INC.

Bankruptcy No. 80-00291K, Adv. No. 80-0763K.

12 B.R. 462 (1981)

In re TIP TOP FURNITURE CO., INC. t/a Touch of Class, Debtor. KROEHLER MANUFACTURING CO., Plaintiff, v. Harry B. ALTENBERG, Interim Trustee of the Bankruptcy Estate of Tip Top Furniture Co., Inc. and Tip Top Furniture Co., Inc., Defendants.

United States Bankruptcy Court, D. Pennsylvania.

July 8, 1981.

Attorney(s) appearing for the Case

Gerald McOscar, West Chester, Pa., for plaintiff.

Harry Altenberg, Philadelphia, Pa., Trustee.

Carroll G. Wille, West Chester, Pa., for debtor.

Vito F. Canuso, Jr., Philadelphia, Pa., for Trustee.

Thomas R. Hecker, Bristol, Pa., for defendant.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

The issue before the court is whether the security interest asserted by the plaintiff, Kroehler Manufacturing Co. (Kroehler), is valid and enforceable against the proceeds of the trustee's sale of debtor's inventory. The court concludes that the alleged security interest is not valid.1

The defendant in this case is Tip Top Furniture...

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