Crittenden Time Line - PowerPoint PPT Presentation

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Crittenden Time Line

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Crittenden Time Line Bridges obtains FHA loans. FHA takes security interest in Bridges s crops & equipment. 1970-72 FHA perfects security interest by filing FHA ... – PowerPoint PPT presentation

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Title: Crittenden Time Line


1
Crittenden Time Line
1970-72 Bridges obtains FHA loans. FHA takes security interest in Bridgess crops equipment.
February 2, 1972 FHA perfects security interest by filing FHA financing statement with Georgia
After February 2 Bridges often takes tractor to Crittenden for repairs--1,600
December 21, 1973 Bridges again has Crittenden repair tractor--543.81
After December 21 Bridges cannot pay Crittenden, who retains tractor (mechanics lien) under Georgia law
After December 21 Bridges files for bankruptcy and discharge
May 1, 1975 U.S. commences present action against Crittenden to get tractor
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