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IN RE PERROTTO REFRIGERATION, INC.

Bankruptcy No. 83-01029 T, Adv. No. 83-1408.

38 B.R. 284 (1984)

In re PERROTTO REFRIGERATION, INC., Debtor. APPLIANCE BUYERS CREDIT CORP., Plaintiff, v. PERROTTO REFRIGERATION, INC. and Bank of Pennsylvania, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

April 5, 1984.

Attorney(s) appearing for the Case

Kenneth F. Carobus, Philadelphia, Pa., for plaintiff.

George J. Shoop, Reading, Pa., for defendant, Bank of Pennsylvania.

Barbara Casey, Reading, Pa., for debtor.

MEMORANDUM OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

In this adversary proceeding, which was brought by the plaintiff pursuant to Section 362(d) of the Bankruptcy Code, 11 U.S.C. § 362(d), the only disputed issue is which of two secured creditors has the priority security interest in the proceeds of the Chapter 11 debtor's sale of certain of its inventory collateral. For the reasons hereinafter given,...

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