IN THE SUPREME COURT OF THE STATE OF KANSAS
No. 91,721
PANKRATZ IMPLEMENT COMPANY,
Appellee,
v.
CITIZENS NATIONAL BANK,
Appellant.
SYLLABUS BY THE COURT
1. Summary judgment is appropriate when the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, show that there is no genuine issue as to any material fact and that the moving party is entitled to judgment as a matter of law.
2. The interpretation of a statute is a question of law over which this court has de novo review.
3. In construing statutes and determining legislative intent, several provisions of an act or acts, in pari materia, must be construed together with a view of reconciling and bringing them into workable harmony if possible. Effect must be given, if possible, to the entire act and every part thereof. To this end, it is the duty of the court, as far as practicable, to reconcile the different provisions so as to make them consistent, harmonious, and sensible. The court must give effect to the legislature's intent even though words, phrases, or clauses at some place in the statute must be omitted or inserted.
4. The "standard search logic" noted in K.S.A. 2003 Supp. 84-9-506(c) and provided by the Secretary of State is the official and only search that determines whether a name is seriously misleading under K.S.A. 2003 Supp. 84-9-506.
5. A financing statement substantially satisfying the requirements of K.S.A. 2003 Supp. 84-9-506 is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
6. The purpose of K.S.A. 2003 Supp. 84-9-503, as well as a reading of that section as a whole, leads us to conclude that an individual debtor's legal name must be used in the financing statement to make it sufficient under K.S.A. 2003 Supp. 84-9-502(a)(1).
7. The requirement that a financing statement provide the debtor's name is particularly important, and the actual individual or organizational name of the debtor on a financing statement is both necessary and sufficient.
8. K.S.A. 2003 Supp. 84-9-506(a) is in line with the policy of Article 9 of the Uniform Commercial Code to simplify formal requisites and filing requirements. It is designed to discourage the fanatical and impossibly refined reading of statutory requirements in which courts occasionally have indulged themselves. Subsection (b) contains the general rule: A financing statement that fails sufficiently to provide the debtor's name in accordance with Section 9-503(a) is seriously misleading as a matter of law. Subsection (c) provides an exception.
9. The intent of the filing requirements of Revised Article 9 of the Uniform Commercial Code is to shift the burden of filing correctly onto the filers and to allow searchers to rely on one search under the correct legal name of the debtor.
10. Issues not raised before the trial court cannot be raised on appeal.
Review of the judgment of the Court of Appeals in Pankratz Implement Co. v. Citizens Nat'l Bank, 33 Kan. App. 2d 279, 102 P.3d 1165 (2004). Appeal from Reno district court, RICHARD J. ROME, judge. Judgment of the Court of Appeals reversing the district court is affirmed. Judgment of the district court is reversed and remanded with directions. Opinion filed March 17, 2006.
John K. Pearson, of Hinkle Elkouri Law Firm, L.L.C., of Wichita, argued the cause, and J. Scott Pohl, of the same firm, was with him on the briefs for appellant.
Charles D. Lee, of Martindell, Swearer & Shaffer, L.L.P., of Hutchinson, argued the cause, and Arlyn Miller and John B. Swearer, of the same firm, were with him on the briefs for appellee.
Mary Patricia Hesse, of Redmond & Nazar, L.L.P., of Wichita, was on the brief amicus curiae for Kansas Bankers Association.
Melissa A. Wangemann, Legal Counsel, Deputy Assistant Secretary of State, was on the brief amicus curiae for Kansas Secretary of State.
The opinion of the court was delivered by
DAVIS, J.: Pankratz Implement Co. (Pankratz) attempted to perfect its security interest in equipment sold to Rodger House. In filing with the Secretary of State, Pankratz spelled the debtor's name as Roger House. Citizens National Bank (CNB) later attempted to secure the same property using the debtor's correct name, Rodger House. Rodger House filed for bankruptcy; Pankratz obtained relief from the bankruptcy stay order and filed suit against CNB in order to realize its security interest. The district court determined in accordance with recently enacted amendments to Article 9 of the Kansas Uniform Commercial Code (UCC) effective July 1, 2001, K.S.A. 2003 Supp. 84-9-101 et seq., that Pankratz was entitled to summary judgment because use of the debtor's incorrect name was a minor error and not seriously misleading. The Court of Appeals reversed, concluding that the use of the debtor's incorrect name was seriously misleading. Pankratz Implement Co. v. Citizens Nat'l Bank, 33 Kan. App. 2d 279, 102 P.3d 1165 (2004). We granted Pankratz' petition for review and affirm the Court of Appeals.
FACTS
The facts in this case are uncontroverted. On March 18, 1998, Rodger House purchased a Steiger Bearcat tractor from Pankratz. House signed a note and security agreement in favor of Pankratz using his correct name, Rodger House. Pankratz listed the debtor's name in the agreement as "Roger House" instead of "Rodger House." Pankratz, in turn, assigned its interest in the note and the collateral to Deere and Company (Deere). Deere then filed a financing statement with the Kansas Secretary of State on March 23, 1998, using the same misspelled name, Roger House.
On April 8, 1999, House executed a note and security agreement in favor of Citizens National Bank (CNB), from which House obtained a loan. House pledged as collateral, among other things, all equipment "that I now own and that I may own in the future." On March 4, 1999, CNB filed a financing statement with the Kansas Secretary of State using the correct name of the debtor, Rodger House.
On June 10, 2002, House filed a petition for bankruptcy under Chapter 7 in the United States Bankruptcy Court for the District of Kansas. On July 1, 2002, Deere reassigned the House note and security interest to Pankratz. Pankratz obtained relief from the automatic stay pursuant to 11 U.S.C. § 362 (2000) and filed suit in the district court against CNB seeking a declaratory judgment concerning its purchase money security interest.
District Court
Both parties moved for summary judgment. The district court identified the issue for resolution: "The sole issue in this case is whether the filing of a financing statement which misspells the debtor's name is insufficient to render a filed financing statement seriously misleading under the UCC and therefore ineffective as to other creditors . . . claiming a security interest in the same collateral."
The district court adopted the reasoning and legal principles set forth in the trial court's decisions in In re Erwin, 2003 WL 21513158 (Bankr. D. Kan. 2003) (unpublished opinion), and In re Kinderknecht, 300 Bankr. 47 (Bankr. D. Kan. 2003). Summary judgment was granted to Pankratz based upon the court's conclusion that the misspelled first name of the debtor was a minor error, not seriously misleading under K.S.A. 2003 Supp. 84-9-506.
Court of Appeals
The Court of Appeals first noted that "[o]n its face, to hold that a missing 'd' in a debtor's first name renders a financing statement 'seriously misleading' seems harsh," and that the misspelling would seem to fall under 84-9-506(a) as a minor error or omission that would not have an impact on the effectiveness of the financing statement. The court, however, determined that the ultimate inquiry was "one of whether a reasonably diligent searcher would find the prior security interest." 33 Kan. App. 2d at 281.
K.S.A. 2003 Supp. 84-9-506 states that a misspelling will not be considered seriously misleading if a search using the standard search logic, under the correct name, would turn up the financing statement. The Court of Appeals found that the "standard search logic" for a financing statement search found in K.A.R. 7-17-22 was not synonymous with the "temporary internet search logic" accessible at www.accesskansas.org. 33 Kan. App. 2d at 281. The Court of Appeals agreed with CNB that "the only searches that would have produced the Pankratz prior security interest for 'Roger House' would have been completed on the temporary internet search logic." 33 Kan. App. 2d at 282. Using the "standard search logic" provided by the Secretary of State under the name Rodger House did not disclose the prior security interest of Pankratz. Thus, the Court of Appeals concluded that the filing under the misspelled name of Roger House was seriously misleading. 33 Kan. App. 2d at 282.
The Court of Appeals relied upon the 10th Circuit Bankruptcy Appellate Panel's reversal of the bankruptcy court in In re Kinderknecht, 308 Bankr. 71 (B.A.P. 10th Cir. 2004), holding that the use of the debtor's nickname under the facts of the case was seriously misleading. The court adopted the reasoning in Kinderknecht, which was based largely on the Revised Article 9's stated goals of simplicity and avoiding needless litigation. See 308 Bankr. at 75-76.
The Court of Appeals further discussed the minor error rule, citing Millennium Financial Services, LLC v. Thole, 31 Kan. App. 2d 798, 74 P.3d 57 (2003), and determined that a search using the standard search logic under the debtor's correct name, Rodger House, would not disclose the prior security interest of Pankratz. K.S.A. 2003 Supp. 84-9-506 places the burden on the filing creditor to list the debtor correctly. The searching creditor is under no obligation to conduct searches under variants of the debtor's name. Thus, the error could not be considered a minor error. The district court's summary judgment in favor of Pankratz was reversed, and the case was remanded with directions to enter judgment for CNB. 33 Kan. App. 2d at 283.
DISCUSSION AND ANALYSIS
"Summary judgment is appropriate when the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, show that there is no genuine issue as to any material fact and that the moving party is entitled to judgment as a matter of law." Bracken v. Dixon Industries, Inc., 272 Kan. 1272, 1274-75, 38 P.3d 679 (2002).
Moreover, "[t]he interpretation of a statute is a question of law over which this court has de novo review." Heckert Construction Co. v. City of Ft. Scott, 278 Kan. 223, 225, 91 P.3d 1234 (2004).
The sole question presented for resolution on undisputed facts is one of law to be determined under recently enacted amendments to Article 9 of the UCC. Because our answer depends upon the interpretation of the amendments to the UCC, our standard of review is de novo. Heckert, 278 Kan. at 225. Although the general issue in this case has been litigated previously in Kansas courts, no Kansas court has addressed the issue since the Revised Article 9 became effective on July 1, 2001. Thus, the case presents an issue of first impression.
Pankratz argues that at the heart of the Court of Appeals decision lies a fundamental misunderstanding of the Revised Article 9 standard of the legal name requirement for financing statements regarding individual debtors set forth in K.S.A. 2003 Supp. 84-9-503(a)(5)(A). Pankratz also claims that the Court of Appeals misapplied the provisions of K.S.A. 2003 Supp. 84-9-506(c) regarding its safe harbor provisions. Before addressing these contentions it is helpful to set forth the complete text of the two statutory amendments involved in this case:
K.S.A. 2003 Supp. 84-9-503 provides:
"(a) Sufficiency of debtor's name. A financing statement sufficiently provides the name of the debtor:
(1) If the debtor is a registered organization, only if the financing statement provides the name of the debtor indicated on the public record of the debtor's jurisdiction of organization which shows the debtor to have been organized;
(2) if the debtor is a decedent's estate, only if the financing statement provides the name of the decedent and indicates that the debtor is an estate;
(3) if the debtor is a trust or a trustee acting with respect to property held in trust, only if the financing statement:
(A) Provides the name specified for the trust in its organic documents or, if no name is specified, provides the name of the settlor and additional information sufficient to distinguish the debtor from other trusts having one or more of the same settlors; and
(B) indicates, in the debtor's name or otherwise, that the debtor is a trust or is a trustee acting with respect to property held in trust; and
(4) if the debtors are married debtors jointly engaged in business and it is unclear whether a partnership exists, the financing statement may be filed in the names of the individual debtors;
(5) in other cases:
(A) If the debtor has a name, only if it provides the individual or organizational name of the debtor; and
(B) if the debtor does not have a name, only if it provides the names of the partners, members, associates, or other persons comprising the debtor." (Emphasis added.)
K.S.A. 2003 Supp. 84-9-506 provides:
"(a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
"(b) Financing statement seriously misleading. Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp. 84-9-503(a) and amendments thereto, is seriously misleading.
"(c) Financing statement not seriously misleading. If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp. 84-9-503(a) and amendments thereto, the name provided does not make the financing statement seriously misleading.
"(d) 'Debtor's correct name.' For purposes of K.S.A. 2003 Supp. 84-9-508(b) and amendments thereto, the 'debtor's correct name' in subsection (c) means the correct name of the new debtor."
Since our answer in this case depends upon the interpretation of the two above quoted statutes, it is also helpful to consider in our interpretation a cardinal principle of statutory interpretation:
"In construing statutes and determining legislative intent, several provisions of an act or acts, in pari materia, must be construed together with a view of reconciling and bringing them into workable harmony if possible. Effect must be given, if possible, to the entire act and every part thereof. To this end, it is the duty of the court, as far as practicable, to reconcile the different provisions so as to make them consistent, harmonious, and sensible. The court must give effect to the legislature's intent even though words, phrases, or clauses at some place in the statute must be omitted or inserted." State ex rel. Morrison v. Oshman Sporting Goods Co. Kansas, 275 Kan. 763, Syl. ¶ 2, 69 P.3d 1087 (2003).
Our construction of the above statutes provides the following analysis under the facts of this case. K.S.A. 2003 Supp. 84-9-503(a)(5)(A) provides that a financing statement sufficiently provides the debtor's name only if the financial statement provides the individual name of the debtor. In this case, Pankratz used an incorrect name by misspelling the debtor's name in the financing statement. Pankratz argues that the misspelled name was only a minor error under K.S.A. 2003 Supp. 84-9-506(a) and was not seriously misleading.
K.S.A. 2003 Supp. 84-9-506(a) provides that a financing statement "is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading." Except as otherwise provided in subsection (c) a financing statement that fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp. 84-9-503(a) is seriously misleading. Pankratz' use of the debtor's misspelled name failed to provide the individual name of the debtor in accord with K.S.A. 2003 Supp. 84-9-503(a); however, according to the safe harbor provisions of subsection 84-9-503(c), the error may not be seriously misleading.
K.S.A. 2003 Supp. 84-9-506(c) provides that
"[i]f a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp 84-9-503(a) and amendments thereto, the name provided does not make the financing statement seriously misleading." (Emphasis added.)
Under such circumstances a search using the debtor's correct name would reveal the prior security interest of Pankratz with the misspelled debtor's name and its financing statement would not be seriously misleading.
However, the undisputed facts in this case establish that a search under the debtor's correct name using the filing office's standard search logic did not disclose Pankratz' financing statement with the debtor's misspelled name. The express provisions of K.S.A. 2003 Supp. 84-9-506(b) provide that "[e]xcept as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp. 84-9-503(a) and amendments thereto, is seriously misleading." Thus, Pankratz' financing statement using the misspelled name of the debtor, while prior in time, was seriously misleading, causing the Court of Appeals to direct that judgment be entered for CNB.
Our analysis involves a construction of the provisions of both statutes, in pari materia, and leads us to the conclusion that Pankratz' filed financing statement was seriously misleading, confirming the Court of Appeals decision. We could end our discussion and conclude that the expressed provisions of the law support the decision of the Court of Appeals. However, Pankratz advances several arguments in support of its position that the misspelled name of the debtor is only a minor error not seriously misleading. Pankratz asserts that the name requirements are not sufficiently defined especially for individuals under the new amendments and that a careful reading of subsection (c) does not support the bright-line rule adopted by the Court of Appeals, viz., that failing to meet the requirements of subsection (c) makes the financing statement seriously misleading. The object of Pankratz' arguments is to place upon the party claiming a superior lien the responsibility to conduct a diligent search of past records filed with the Secretary of State to determine whether a prior lien exists. If the name requirements of the debtor are not fixed and certain, the use of a nickname or a misspelled name on the financing statement filed with the Secretary of State may require just such a search on the part of the party claiming a superior lien.
On the other hand, if the legislature intended by its amended version of the UCC set forth above to fix and make certain the name of the debtor requirement, such a change shifts the responsibility of the one filing with the Secretary of State to follow the name requirement with the effect being that the party searching for prior liens on the same property may rely on the name used on the financing statement eliminating the need to conduct diligent searches. We believe that the language used by the legislature and the intent behind the adoption of the most recent amendments had the effect of shifting the responsibility of getting the name on the financing statement right to the filing party, thereby enabling the searching party to rely upon that name and eliminating the need for multiple searches using variations of the debtor's name. This would have the effect of providing more certainty in the commercial world and reducing litigation as was required prior to the amendments to determine whether an adequate search was made.
The facts in this case establish that two types of searches for prior liens were available to a creditor hoping to perfect his or her lien upon specific property. The first is the temporary internet search logic found at www.accesskansas.org. The facts establish that a search using the debtor's name in this case would have disclosed Pankratz' financing statement with the misspelled name of the debtor. However, the provisions of K.A.R. 7-17-24, as set forth below, make it clear that such a search shall not constitute an official search by the Secretary of State.
"During the transition period of July 1, 2001 through June 30, 2006, public access to a database that produces search results beyond exact name matches may be provided by the secretary of state. The supplemental database [www.accesskansas.org.] shall not be considered part of the standard search logic and shall not constitute an official search by the secretary of state." K.A.R. 7-17-24.
The database provided a further disclaimer:
"Searches conducted on the internet are not official searches under Revised Article Nine of the Uniform Commercial Code. This search engine is intended to provide a more flexible search logic so as to identify UCC filings under the old law, which employed different name requirements. Therefore searches conducted on this page will not determine whether a name is seriously misleading under K.S.A. 84-9-506. If you want an official search using the correct and current search logic given in KAR 7-17-22, contact the Kansas Secretary of State's Office at (785) 296-4564."
The "standard search logic" noted in K.S.A. 2003 Supp. 84-9-506(c) and provided by the Secretary of State is the official and only search that determines whether a name is seriously misleading under K.S.A. 2003 Supp. 84-9-506. See K.A.R. 7-17-21 and 7-17-22.
Pankratz, in support of its first argument, acknowledges that under K.S.A. 2003 Supp. 84-9-506(c), a search of the records of the Secretary of State, using the debtor's correct name and the filing office's standard search logic, would not disclose his financing statement using the misspelled name of the debtor, Roger House. However, Pankratz argues that the Court of Appeals erred in concluding under these circumstances that the financing statement is seriously misleading. Pankratz believes that the correct interpretation of K.S.A. 2003 Supp. 84-9-506(c) is that of Professors Barkley and Barbara Clark in volume one of their treatise, The Law of Secured Transactions Under the Uniform Commercial Code ¶ 2.09(1)(e), P.2-164 (2003):
"'[R]ead carefully, . . . § 9-506(c) provides only that a financing statement is not seriously misleading if, using standard search logic, a search under the debtor's correct name would reveal the statement containing the debtor's incorrect name. It does not provide that a financing statement is not seriously misleading only if a search using the debtor's correct name would reveal the statement containing the debtor's incorrect name in the circumstances. . . . [§ 9-506(c)] does not say that financing statements that do not satisfy subsection (c)'s "safe harbor" are seriously misleading and therefore ineffective. Thus . . . § 9-506(c) leaves open the possibility that an error in the debtor's name does not render the financing statement seriously misleading, even if a search using the debtor's correct name and standard search logic would not turn up the statement.'" (Quoting Jordan, Warren, and Walt, Secured Transactions in Personal Property, p. 59 [2000]).
The above observation quoted by Professors Clarks is correct in that the provisions of subsection (c) are positive in recognizing that if a search under the debtor's correct name discloses the financing statement filed with a minor error, then the minor error does not make the filed statement seriously misleading. It does not say that such a filed statement that is not disclosed using standard logic search is seriously misleading. If all we were dealing with was subsection (c), then there would be the possibility that an error in the filed financing statement not meeting the safe harbor provisions of subsection (c) would not render the financing statement seriously misleading. However, as more fully discussed below, consideration of both amendments in para materia rather than focusing exclusively on subsection (c) supports the opposite conclusion.
Pankratz relies heavily upon Professors Clarks' interpretation as it relates to the crux of its argument. Pankratz argues that there is then no bright-line standard and the ultimate determination regarding the effectiveness a filed financing statement with an incorrect name that is not disclosed under the provisions of subsection (c) must be resolved on a case-by-case basis. Thus, depending again upon the diligence of the search by the creditor claiming a superior interest by reason of his or her later filed statement, the case must be resolved through a judicial determination of whether a particular financing statement is "seriously misleading."
The answer to this argument lies in the consideration of the two amendments together and interpreted as a whole scheme adopted by the Kansas Legislature rather than to focus exclusively upon one section alone. The answer also depends upon the express language used in both amendments, as well as the intent of the legislature in the adoption of the changes enacted.
A reading of the provisions of K.S.A. 2003 Supp. 84-9-503 with the provisions of K.S.A. 2003 Supp. 84-9-506 makes clear that the safe harbor provision of K.S.A. 2003 Supp. 84-9-506(c) applies to both 84-9-506 and 84-9-503. "A financing statement sufficiently provides the name of the debtor . . . [i]f the debtor has a name, only if it provides the individual or organizational name of the debtor." (Emphasis added.) K.S.A. 2003 Supp. 84-9-503(a)(5)(A). Referring to the case before us, the error in Pankratz' filed financing statement was the misspelling of the debtor's first name. Thus, Pankratz' financing statement failed to use the "name of the debtor" and therefore does not satisfy the provisions of 84-9-503(a). However, the provisions of K.S.A. 2003 Supp. 84-9-506(a) provide that "[a] financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading." Pankratz' financial statement has a minor error; under K.S.A. 2003 Supp. 84-9-506(b), if the financing statement "[e]xcept as otherwise provided in subsection (c) [safe harbor provision], . . . fails sufficiently to provide the name of the debtor in accordance with K.S.A. 2003 Supp. 84-9-503(a) and amendments thereto [only if the financing statement provides the name of the debtor], [it] is seriously misleading." The undisputed evidence establishes that Pankratz' financing statement did not satisfy the provisions of subsection (c), the safe harbor provisions, in that a search using debtor's correct name did not disclose Pankratz' statement.
Pankratz failed to satisfy the requirement of using the correct name of the debtor and thus did not satisfy the name requirements of 84-9-503(a)(5)(A). Nevertheless, minor errors will not destroy the effectiveness of that statement unless the errors make the statement seriously misleading. Pankratz' failing to meet the naming requirements is seriously misleading except in the case where a search using the debtor's correct name discloses the defective financing statement. In this case it did not and therefore remains seriously misleading. K.S.A. 2003 Supp. 84-9-506(b).
Pankratz' second argument focuses on the naming requirements set forth in K.S.A. 2003 Supp. 84-9-503. Pankratz asks what constitutes a sufficient name, a term not defined in the statute. Pankratz argues there is no requirement that a legal name must be used and bolsters this argument by pointing out the differences in the statute's loose requirements for an individual name and the exactness of the requirements for an organizational name. Pankratz' attack is aimed at the conclusion that if there is no exactness required for the name placed upon the financing statement, a nickname or even a slight variation in the name used would satisfy K.S.A. 2003 Supp. 84-9-503. If this is the case, then it follows that the law would therefore require a case-by-case determination regarding the sufficiency of the name with the result that the creditor claiming a superior lien on the property would be required to conduct a diligent search using variations of the debtor's name before it could be said that the prior filed statement is ineffective.
Pankratz is correct that K.S.A. 2003 Supp. 84-9-503 provides no specific rule or guidance concerning what constitutes a sufficient debtor "name." The term "name," name of debtor, debtor's name, or "correct name" is not defined in Article 9. At the same time, the statute sets forth exact requirements for the name of registered organizations. According to Pankratz, the difference in language indicates a legislative "loud silence," which means that there is no specific mandate to use the individual debtor's legal name in all circumstances. If there are no requirements as to the individual name, errors in the debtor's name in a financing statement must be judged on a case-by-case basis and the very minor error in this case, misspelling the debtor's first name by leaving out a "d" in Rodger, is only a minor error under K.S.A. 2003 Supp. 84-9-506(a).
Pankratz, as well as the district court, in this case relied upon the recent United States Bankruptcy Court decision In re Kinderknecht, 300 Bankr. 47 (Bankr. D. Kan. 2003), and cases cited therein. In that case, Terry J. Kinderknecht granted defendants a security interest in two farm implements, and they promptly filed financing statements on the collateral in the name "Terry J. Kinderknecht." Kinderknecht later filed a petition for Chapter 7 bankrupt