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IN RE ENERGY CONTRACTORS, INC.

No. 85-3474.

791 F.2d 1222 (1986)

In re ENERGY CONTRACTORS, INC., Debtor. M CREDIT CORPORATION (Formerly Mercantile Texas Credit Corporation), Movant-Appellant, v. ENERGY CONTRACTORS INC., Garland Badeaux, Inc., Nezat Industrial Lumber Sales, Inc., and United States Fidelity & Guaranty Co., Respondents-Appellees.

United States Court of Appeals, Fifth Circuit.

June 13, 1986.

Attorney(s) appearing for the Case

Lawrence R. Anderson, Rex D. Rainach, Baton Rouge, La., for movant-appellant.

Paul J. McMahon, III, H. Bruce Shreves, New Orleans, La., for U.S. Fidelity & Guar. Co.

James R. Austin, Boolus J. Boohaker, Baton Rouge, La., for Donald P. Starns.

Before WISDOM, RUBIN and HIGGINBOTHAM, Circuit Judges.

ALVIN B. RUBIN, Circuit Judge:

A creditor appeals a bankruptcy court decision invalidating its purported security interest in the debtor's accounts receivable for the lender's failure to comply with the Louisiana Assignment of Accounts Receivable Act.1 Because we conclude that the lender substantially complied with the Act, we reverse the bankruptcy court and uphold the lender's privilege.

I.

Energy Contractors, Inc....

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