IN RE ASBRIDGE

Bankruptcy No. 84-05172, Adv. No. 84-7070.

45 B.R. 564 (1984)

In re Thomas W. ASBRIDGE and Laura Asbridge, d/b/a Horseshoe Cattle Co., Debtors. FIRST BANK OF SOUTH DAKOTA (National Association), a/k/a First National Bank in Lemmon, Plaintiff, v. Thomas W. ASBRIDGE, a/k/a Tom Asbridge, and Laura Asbridge, Defendants.

United States Bankruptcy Court, D. North Dakota.

December 13, 1984.


Attorney(s) appearing for the Case

Joseph A. Turman, Fargo, N.D., for plaintiff.

David L. Evans, Bismarck, N.D., for defendants.


MEMORANDUM OPINION AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The instant action was commenced by a Complaint filed on May 17, 1984, by First Bank of South Dakota (BANK) seeking a determination of the nature and extent of its security interest in and to property of the Debtors. The controversy is principally concerned with the effect of a security agreement entered into on November 8, 1982. The Debtors deny that this security agreement extends to the interest...

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