IN RE FREEMAN

Bankruptcy No. BK 89-04289, Civ. A. No. CV-90-A-02795-S.

124 B.R. 840 (1991)

In re James E. FREEMAN, Debtor. SNAP-ON TOOLS CORPORATION, Appellant, v. James E. FREEMAN, Appellee.

United States District Court, N.D. Alabama, S.D.

March 4, 1991.


Attorney(s) appearing for the Case

Ruth Simmons Capra, Birmingham, Ala., for appellant.

Cindee Dale Holmes, Morris & Vann, Birmingham, Ala., for debtor/appellee.


MEMORANDUM OPINION

ALLGOOD, Senior District Judge.

This is an appeal from the United States Bankruptcy Court, Northern District of Alabama, Southern Division. The issues on appeal are whether a purchase-money security interest was transformed into a nonpurchase-money security interest by consolidation with a new purchase, and whether the creditor's security agreement language is sufficient to preserve purchase-money security interest status.

A Bankruptcy...

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