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IN RE SHAH

Bankruptcy No. LA87-14142VZ, Adv. No. LA87-01939VZ.

96 B.R. 290 (1989)

In re Anas Ahmed SHAH and Naiyara Imran Shah, individually and d.b.a. The Sound Place, and Quality Maintenance, Debtors. BORG-WARNER ACCEPTANCE CORPORATION, Plaintiff, v. Anas Ahmed SHAH and Naiyara Imran Shah, individually and d.b.a. The Sound Place, Defendants.

United States Bankruptcy Court, C.D. California.

February 10, 1989.

Attorney(s) appearing for the Case

William Ford, Santa Ana, Cal., for plaintiff/creditor Borg Warner.

Carl B. Pearlston, Jr., Torrance, Cal., for debtors/defendants.

MEMORANDUM OF DECISION

VINCENT P. ZURZOLO, Bankruptcy Judge.

I.

STATEMENT OF FACTS

Anas Ahmed Shah and Naiyara Imran Shah ("Defendants") operated several retail stereo stores in Los Angeles County and Orange County. On February 5, 1986, Defendants and Borg-Warner Acceptance Corporation ("Plaintiff") executed an Inventory Security Agreement and Power of Attorney ("Plaintiff's Inventory Security Agreement"). Pursuant to the Inventory Security...

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