In re Hergert
United States Bankruptcy Court for the District of Idaho
275 B.R. 58 (2002)
Relevant factsFree
Pacific One Bank properly filed financing statements listing itself, with accurate contact information, as the secured party on loans to the debtors, secured by their farming business and home. After Pacific One's assets, including the debtors' loans, were acquired by Bank of the West through a 1998 merger, the secured party's originally correct name and addresses on the financing statements became outdated.
IssueFree
Does a financing statement remain effective when the secured party's name and address become incorrect after filing?