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IN RE JOHN DESKINS PIC PAC, INC.

Bankruptcy No. 7-84-01011-A, Adv. No. 7-85-0109.

59 B.R. 809 (1986)

In re JOHN DESKINS PIC PAC, INC., d/b/a IGA Foodliner, Debtor. JOHN DESKINS PIC PAC, INC., Plaintiff, v. FLAT TOP NATIONAL BANK, et al., Defendants.

United States Bankruptcy Court, W.D. Virginia, Abingdon Division.

April 16, 1986.

Attorney(s) appearing for the Case

Copeland, Molinary & Bieger, Abingdon, Va., for debtor/plaintiff.

Woodward, Miles & Flannagan, Bristol, Va., for Flat Top Nat'l Bank.

White, Elliott & Bundy, Bristol, Va., for James W. Thompson.

C.R. Bolling, Richlands, Va., for Mullins, Inc.

Robert E. Wick, Jr., Bristol, Va., Trustee.

MEMORANDUM OPINION AND ORDER

H. CLYDE PEARSON, Bankruptcy Judge.

The issue before the Court is the appropriate distribution of approximately $27,000.00 in proceeds from sale of inventory. Resolution of this issue requires a determination of (1) whether the Defendant, Flat Top National Bank ("FTNB"), has a perfected security interest in the inventory proceeds, (2) whether Mullins, Inc. has a claim for rent which is superior to FTNB's security interest, and...

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