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IN RE RUDE

Bankruptcy No. 89-03684-JES, Adv. No. 89-0346.

122 B.R. 533 (1990)

In Re William Robert RUDE, Debtor. John F. WALDSCHMIDT, Trustee, Plaintiff, v. PARK BANK, Defendant.

United States Bankruptcy Court, E.D. Wisconsin.

December 10, 1990.

Attorney(s) appearing for the Case

John F. Waldschmidt, Milwaukee, Wis., trustee.

Theodore J. Poulos, Poulos, Sengstock & Budny, S.C., West Allis, Wis., for defendant.

DECISION

JAMES E. SHAPIRO, Bankruptcy Judge.

The cross motions for summary judgment require this court to decide when Park Bank's claim against the debtor, arising out of a guaranty of a $168,000 loan, became secured by a mortgage on certain real estate owned by the debtor. If Park Bank's claim obtained secured status on June 12, 1989, when the debtor executed a consolidated note to Park Bank, the transaction is a preferential transfer causing Park Bank...

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