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MATTER OF A-1 PAVING AND CONTRACTING, INC.

No. 96-1997.

116 F.3d 242 (1997)

In the Matter of A-1 PAVING AND CONTRACTING, INC., Debtor. Appeal of The PEOPLES STATE BANK.

United States Court of Appeals, Seventh Circuit.

Decided June 17, 1997.

Attorney(s) appearing for the Case

Christopher S. Roberge (argued), Foley & Pool, Indianapolis, IN, for Peoples State Bank.

Jay P. Kennedy (argued), Kroger, Gardis & Regas, Indianapolis, IN, for Port Royal Aggregates, Inc.

Before CUDAHY, KANNE and ROVNER, Circuit Judges.

KANNE, Circuit Judge.

A-1 Paving and Contracting Inc. filed for Chapter 11 bankruptcy. Port Royal Aggregates Inc., claiming a security interest in specific equipment and vehicles of A-1, sought termination of the automatic stay order and asked for abandonment of those assets from the bankruptcy estate. Peoples State Bank, asserting a security interest in the same assets, intervened and objected to Port Royal's request.

The bankruptcy court determined that...

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