Quimbee logo
DMCA.com Protection Status
  • I
  • In re Reckart Equipment Co., Inc.In re Reckart Equipment Co., Inc.
From our private database of 16,800+ case briefs...

In re Reckart Equipment Co., Inc.

United States Bankruptcy Court for the Northern District of West Virginia
2017 WL 943909 (Bankr. N.D. W.Va.)


Darrell and Shannon Reckart owned Reckart Equipment Co., Inc. (debtor). Over time, five financing statements secured interests in the corporation’s assets. First, Citizen’s Bank (creditor) filed a financing statement perfecting its interest in the corporation’s heavy construction equipment in 1974, and maintained it by filing periodic continuation statements. Second, the Reckarts filed a financing statement against their own corporation in 2007, broadly covering “furniture, fixtures, inventory, vehicles, or other personal property, accounts receivable,” proceeds from those assets, and any such property acquired in the future. Third, Citizens filed another financing statement in 2008. Fourth and fifth, the Davis Trust (creditor) filed two financing statements against the corporation in 2009. In 2011, the Reckarts assigned their financing statement to Citizens. When the corporation filed for bankruptcy in 2012, Citizens and Davis Trust disputed which held first priority.

Rule of Law


Holding and Reasoning (Flatley, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 449,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 449,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 16,800 briefs, keyed to 224 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial