In re Corley (00-51297)

The bank properly perfected its security interest on the certificate of title to the debtor's truck. The bank, mistakenly and inadvertently, released the title on the truck to the debtor. The Chapter 13 trustee contended that the bank's claim was unsecured. The Court held that the bank's security interest was still perfected and that the Chapter 13 trustee could not avoid the bank's security interest.

Wednesday, August 1, 2001