Bankr. No.:
05-10073
Chapter:
7
Date of Decision:
September 28, 2005
Issue:
Whether creditor had a perfected security interest in some scaffolding and bricks owned by Debtor and located at a State Street address in Aberdeen where the security agreement and financing statement referenced personal property at a different address?
Ruling:
The creditor’s secured interest was limited to the personalty at the address stated in the security agreement and financing statement. Though an address was not required in the collateral’s description, the creditor included it, and the address had the effect of limiting the collateral to the personalty located at the stated address.
Full Bankruptcy Court Decision:
