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IN RE BABAEIAN TRANSP. CO.

Bankruptcy No. LA 95-31068 SB.

206 B.R. 536 (1997)

In re BABAEIAN TRANSPORTATION CO., Debtor. Dennis I. SIMON, Chapter 11 Trustee, Plaintiff, v. CHRYSLER CREDIT CORPORATION, Defendant.

United States Bankruptcy Court, C.D. California.

January 14, 1997.

Attorney(s) appearing for the Case

Richard Esterkin of Morgan, Lewis & Bockius LLP, Los Angeles, CA, for trustee.

Robbin L. Itkin of Wynne, Spiegel, Itkin, Los Angeles, CA, for Creditors Committee.

Ralph S. Greer, Glendale, CA, for Mehrdad Akbari and Vartan Patrosy.

Richard J. Kahdeman of Davis & Kahdeman, Glendale, CA, for Western Financial Savings Bank.

John D. Duncan of Cooksey, Howard, Martin & Toolen, Costa Mesa, CA, for Chrysler Credit Corp.

DECISION ON SUMMARY JUDGMENT MOTION

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

This adversary proceeding raises the question of whether Chrysler Financial Corporation ("Chrysler Financial") properly perfected its security interests in six automobiles that the debtor Babaeian Transportation Co. ("Babaeian") used as taxicabs. In form, Babaeian leased the vehicles to its drivers, who paid monthly lease payments to Babaeian. Thereafter, the...

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