At the time that Dollar Deals Furniture Store Inc. filed its…
At the time that Dollar Deals Furniture Store Inc. filed its petition under Chapter 11 of the Bankruptcy Code, the Big Buck Bank had a valid security interest in all of Dollar Deals’s inventory, and accounts receivable. The security agreement also granted the Big Buck Bank a security interest in any proceeds of those items of collateral. Big Buck Bank had properly perfected its security interest. Since the Chapter 11 filing, Dollar Deals has remained in possession of its assets and has continued to operate its business as a debtor in possession. In order for Dollar Deals to sell its inventory in the ordinary course of business, the Bankruptcy Code requires: