IN RE TARDY

Bankruptcy No. 381-01425, Adv. No. 381-0538.

18 B.R. 36 (1982)

In re Lewis E. TARDY.

United States Bankruptcy Court, C.D. Illinois.

January 19, 1982.


Attorney(s) appearing for the Case

Donald A. Willard, Yoder, Yoder, Zanoni, Flynn, Prall & Willard, Bloomington, Ill., for plaintiff.

Anthony H. Hart, Bane, Allison & Saint, P.C., Bloomington, Ill., for defendant.


BASIL H. COUTRAKON, Bankruptcy Judge.

This case presents the issue of whether or not a security interest remains on certain property when the promissory note is renewed but a new security agreement taken thereon does not mention that certain property.

On January 4, 1978, Debtor, Lewis E. Tardy, executed a note payable to creditor, Prairie State Bank, in the amount of $50,000.00. A security agreement was incorporated in the terms and conditions of the note...

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