Debtor does not file for bankruptcy until September 5. Debtor goes bankrupt on May 5. Bank files its UCC-1 on May 6. Debtor then files for bankruptcy three days later. Debtor is car shopping on Friday.
Debtor buys the car and drives it home.
On Monday Debtor gets tied up having to take her child to the emergency room, and on Tuesday she finally shows up and signs the paperwork. Debtor then files for bankruptcy two months later. On May 14, Debtor signs a contract with Manufacturer for a specific machine. On May 16, Debtor signs a security agreement and Bank advances the loan proceeds, paying them directly to Manufacturer to satisfy the purchase price. On June 10, Debtor takes delivery of the machine.