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IN RE SUPERIOR EQUIPMENT, INC.

Bankruptcy No. 95-70324. Adv. No. 95-7041.

195 B.R. 77 (1996)

In re SUPERIOR EQUIPMENT, INC., Debtor. FIRST NATIONAL BANK IN STAUNTON, Plaintiff, v. SUPERIOR EQUIPMENT, INC., and General Lift Truck Services, Inc., Defendants.

United States Bankruptcy Court, C.D. Illinois.

May 7, 1996.

Attorney(s) appearing for the Case

John S. Narmont, Springfield, IL, for Debtor.

Stephen A. Tagge, Springfield, IL, for General Lift.

Ronald L. Pallman, Fairview Heights, IL, for First Nat'l Bank.

OPINION

LARRY L. LESSEN, Bankruptcy Judge.

The issue before the Court is which one of two creditors has a superior security interest in two lift trucks.

The material facts are not in dispute. On July 29, 1993, General Lift Truck Services, Inc. entered into a lease agreement with the Debtor, Superior Equipment, Inc., pursuant to which the Debtor obtained the possession of two Mitsubishi forklift trucks...

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