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IN RE CYCLE PRODUCTS DISTRIBUTING CO.

Bkrtcy. No. 90-50156.

118 B.R. 643 (1990)

In re CYCLE PRODUCTS DISTRIBUTING CO., Debtor. DUNLOP TIRE CORPORATION, Movant, v. CYCLE PRODUCTS DISTRIBUTING CO., Central Bank, and Bridgestone (U.S.A.), Inc., Respondents.

United States Bankruptcy Court, S.D. Illinois.

September 14, 1990.

Attorney(s) appearing for the Case

Jane Carriker, St. Louis, Mo., for debtor.

David Antognolli, Granite City, Ill., for Dunlop, movant.

Ronald Pallmann, Belleville, Ill., for Central Bank, respondent.

Allen Churchill, Belleville, Ill., for Bridgestone, respondent.

MEMORANDUM & ORDER

KENNETH J. MEYERS, Bankruptcy Judge.

It is common for a business to have a creditor who advances products on a secured basis. The typical arrangement is for the creditor to advance inventory or supplies and then have a floating lien on the products and their cash proceeds to ensure payment. See 1A P. Coogan, W. Hogan & D. Vagts, Secured Transactions under UCC § 7.04[3][d], at 7-37. "A floating lien arrangement secures...

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