MEMORANDUM AND ORDER
DAVID KLINE, Bankruptcy Judge.
STATEMENT
Val's Distributing Company, an unsecured creditor, objected to the secured status of Bob's Meat Company because: (1) Bob's Meat Company was an insider and as such should be subordinated to the claims of unsecured creditors; (2) Bob's Meat Company did not have a Uniform Commercial Code perfected security interest in the "proceeds" of the sale of the business to a bankruptcy court approved...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.