IN RE LaSELLE'S BICYCLE WORLD

Bankruptcy No. 89-00485-C.

120 B.R. 579 (1990)

In re LASELLE'S BICYCLE WORLD, Debtor.

United States Bankruptcy Court, N.D. Oklahoma.

October 26, 1990.


Attorney(s) appearing for the Case

Theodore P. Gibson, Tulsa, Okl., for General Bicycle and Moped, Inc.

Jeff Steen, Broken Arrow, Okl., for Arkansas Valley State Bank.


MEMORANDUM OPINION

STEPHEN J. COVEY, Bankruptcy Judge.

This cause comes on for hearing upon the motion of Arkansas Valley State Bank ("AVSB") requesting issuance of an order to the Trustee to disburse the proceeds generated from the sale of inventory consisting of approximately sixty (60) bicycles and miscellaneous parts.

The parties stipulated to the facts as follows:

1. On November 21, 1985, the Debtor entered into a line of credit, promissory...

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