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IN RE DORHOLT, INC.

No. 99-3829.

224 F.3d 871 (2000)

In re DORHOLT, INC., Debtor. Dwight R.J. Lindquist, Trustee, Appellant, v. Marjorie Dorholt, Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: August 29, 2000.

Attorney(s) appearing for the Case

Andrea M. Hauser, Burnsville, Minnesota, argued (Randall L. Seaver, on the brief), for Appellant.

Thomas Frank Miller, Minneapolis, Minnesota, argued (Thomas J. Flynn, on the brief), for Appellee.

Before: LOKEN and BRIGHT, Circuit Judges, and HAND, District Judge.

LOKEN, Circuit Judge.

In March 1998, Marjorie Dorholt loaned $100,950 to Dorholt, Inc., a family printing business founded by her late husband. In exchange, the company granted her a lien on its inventory, accounts receivable, fixtures, and equipment. Due to a service bureau's mistake, Marjorie's security interest was not perfected by filing until sixteen days later. In April 1998, the company went into bankruptcy. Trustee Dwight Lindquist commenced this adversary...

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