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IN RE TODD

Bankruptcy No. 86-01031S, Adv. No. 86-0259S.

70 B.R. 204 (1986)

In re John G. TODD and Alice L. Todd, Debtors, John G. TODD and Alice L. Todd, Plaintiffs, v. PRODUCTION CREDIT ASSOCIATION OF the MIDLANDS/FARM CREDIT SYSTEM CAPITAL CORPORATION, Defendant.

United States Bankruptcy Court, N.D. Iowa.

December 22, 1986.

Attorney(s) appearing for the Case

Craig A. Raby, Sioux City, Iowa, for debtor.

Keith G. Thompson, Sheldon, Iowa, for PCA/Farm Credit Systems.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge, Sitting by Designation.

The matter before the court is an adversary proceeding commenced on July 2, 1986, to determine the secured status of Production Credit Association of the Midlands/Farm Credit System Capital Corporation (PCA) in property of John and Alice Todd (Debtors). The dispute is essentially twofold: whether PCA's security interest in the Debtors' chattels is perfected and whether the proper...

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