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IN RE ADOBE TRUCKING, INC.

Case No. 10-70353-RBK, Adversary No. 11-7005-RBK.

In re: ADOBE TRUCKING, INC., CHAPTER 11, Debtor. ADOBE OILFIELD SERVICES, LTD. AND ADOBE IRON WORKS, LTD., ET AL. v. PNC BANKN.A., M&I BUSINESS CREDIT, LLC, LANDHOLDING, LLC, AND PAUL FRANK.

United States Bankruptcy Court, W.D. Texas, Midland-Odessa Division.

December 15, 2011.

OPINION

RONALD B. KING, Chief Bankruptcy Judge.

The main issue in this adversary proceeding is whether a personal property foreclosure sale was commercially reasonable. The Court holds that the sale was commercially reasonable.

A. The Parties.

Four related Adobe entities in Odessa, Texas, are owned and controlled chiefly by Larry Bohannon, Reed Gilmore, and Jim Gilmore:

Plaintiff: Adobe...

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