IN RE YOST

Bankruptcy No. 1-82-00581.

40 B.R. 962 (1984)

In re Frederick D. YOST, Barbara Yost d/b/a Petro Drill Company, Debtors.

United States Bankruptcy Court, W.D. Kentucky.

August 15, 1984.


Attorney(s) appearing for the Case

Philip Huddleston, Bowling Green, Ky., for debtors.

C. Joseph Greene, Louisville, Ky., for creditor, Leasing Service Corporation.

Steven D. Downey, Bowling Green, Ky., for creditor, Whayne Supply Company.


MEMORANDUM OPINION

MERRITT S. DEITZ, Jr., Bankruptcy Judge.

The sole issue in this case is whether under Kentucky law a properly perfected repairman's lien on the insurance proceeds from destroyed equipment has priority over an earlier perfected security interest in that equipment. The facts are simple and agreed.

In April of 1981, Leasing Service Corporation (LSC) leased a drilling rig to the debtors, Frederick and Barbara Yost, who were doing business...

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