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IN RE TEEFY PONTIAC CO.

Bankruptcy No. 81-02569G, Adv. No. 81-1254G.

16 B.R. 425 (1982)

In re TEEFY PONTIAC CO. also d/b/a Teefy AMC/Jeep, Debtor. GENERAL MOTORS ACCEPTANCE CORPORATION, Plaintiff, v. TEEFY PONTIAC COMPANY, also d/b/a Teefy AMC/Jeep, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

January 13, 1982.

Attorney(s) appearing for the Case

Margaret Mary King, Owens, Whiteman & Bankes, Philadelphia, Pa., for plaintiff, General Motors Acceptance Corp.

Donald M. Collins, Stradley, Ronon, Stevens & Young, Philadelphia, Pa., for debtor/defendant, Teefy Pontiac Co. d/b/a Teefy AMC/JEEP.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue presented is whether the plaintiff has perfected, nonavoidable security interests in the automotive parts inventory and in the dealership assets and equipment of the debtor which secure the debt owed to the plaintiff under a wholesale security agreement by which the plaintiff financed the debtor's purchase of cars for sale or lease by its dealership. We conclude that the plaintiff has such perfected...

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