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IN RE LIFT & EQUIPMENT SERVICE, INC.

No. 86-3086.

816 F.2d 1013 (1987)

In re LIFT & EQUIPMENT SERVICE, INC., Debtor. ITT DIVERSIFIED CREDIT CORP., Plaintiff-Appellee, Cross-Appellant, v. LIFT & EQUIPMENT SERVICE, INC., Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied June 18, 1987.

Attorney(s) appearing for the Case

Emile L. Turner, Jr., Turner, Young & Hebbler, New Orleans, La., for defendant-appellant, cross-appellee.

Robert A. Mathis, Newman, Drolla, Mathis, Brady & Wakefield, Metairie, La., for plaintiff-appellee, cross-appellant.

Before GEE, POLITZ, and WILLIAMS, Circuit Judges.

POLITZ, Circuit Judge:

The trustee of the bankruptcy estate of Lift & Equipment Service, Inc. appeals the judgment of the district court affirming the bankruptcy court's recognition of a creditor's security interest in certain accounts receivable. Finding no error in the rulings on the merits, and after modifying the award of interest, we affirm.

Background

On November 6, 1979, ITT Diversified Credit Corporation opened a line of credit...

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