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IN RE STONEKING

Bankruptcy No. 87-81970, Adv. No. 88-8247.

99 B.R. 892 (1989)

In re Larry STONEKING and Sharon Stoneking, Debtors. Larry STONEKING, Sharon Stoneking, and Richard E. Barber, Chapter 7 Trustee for Larry Stoneking and Sharon Stoneking, Plaintiffs, v. USA FINANCIAL SERVICES, INC., Defendant.

United States Bankruptcy Court, C.D. Illinois.

May 10, 1989.

Attorney(s) appearing for the Case

Barry M. Barash, Galesburg, Ill., for debtors.

Richard E. Barber, Galesburg, Ill., Trustee.

Kevin D. Schneider, Peoria, Ill., for defendant.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

On March 27, 1987, the Debtors borrowed $2,988.37 from the Defendant. The security agreement portion of the Note provided as follows:

SECURITY AGREEMENT To secure the payment of the above described loan to the undersigned, Debtor(s) grant(s) a security interest to the Secured Party in the personal property described below, or in an Appendix A listing attached thereto. This Security Agreement...

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