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IN RE WALTER B. SCOTT & SONS, INC.

Bankruptcy No. 09-20996-TLM. Adversary No. 09-07037-TLM.

436 B.R. 582 (2010)

In re WALTER B. SCOTT & SONS, INC., Debtor. Financial Federal Credit Inc., Plaintiff, v. Walter B. Scott & Sons, Inc., Dennis J. Scott, James B. Scott, Bonnie J. Scott, and Kelly F. Scott, Defendants.

United States Bankruptcy Court, D. Idaho.

September 13, 2010.

Attorney(s) appearing for the Case

John F. Kurtz, Jr. , Sheila Rae Schwager , Hawley Troxell Ennis and Hawley LLP, Boise, ID, for Plaintiff.

Gregory Richard Rauch , Moscow, ID, Manderson L. Miles , Lewiston, ID, for Defendants.

MEMORANDUM OF DECISION

TERRY L. MYERS, Chief Judge.

INTRODUCTION

This is an adversary proceeding in which Financial Federal Credit Inc. ("FFCI") seeks a declaratory judgment to the effect that its auction of certain logging equipment was commercially reasonable. Chapter 11 debtor in possession Walter B. Scott & Sons, Inc. ("Debtor"), who pledged the logging equipment as collateral to secure financing from FFCI, and Debtor's four principals...

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