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GULF FORGE CO. v. ELLWOOD QUALITY STEELS CO.

Civil Action No. H-95-5347, Bankruptcy No. 95-47434-H5-7.

202 B.R. 238 (1996)

In re GULF FORGE COMPANY, Debtor, v. ELLWOOD QUALITY STEELS COMPANY and Ellwood City Forge, Appellants, Gulf Forge Company and LaSalle National Bank, Appellees.

United States District Court, S.D. Texas, Houston Division.

October 4, 1996.

Attorney(s) appearing for the Case

H. Gray Burks, IV, Houston, TX, for Gulf Forge Company.

J. Robert Van Kirk, Kirkpatrick & Lockhart, Pittsburg, PA, for Ellwood Quality Steels Company and Ellwood City Forge.

Janet Elaine Mortenson, Woodard Hall & Primm, Houston, TX, for LaSalle Nat'l Bank.

MEMORANDUM AND OPINION

ROSENTHAL, District Judge.

Ellwood Quality Steels Company and Ellwood City Forge, a Division of Ellwood Group, Inc., ("Ellwood"), file this consolidated appeal from orders of the bankruptcy court recognizing that LaSalle National Bank (the "Bank") had a perfected security interest in equipment owned by the debtor, Gulf Forge Company ("Gulf Forge"). Based on this finding, the bankruptcy court granted

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