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IN RE BRUCE

Bankruptcy No. 87-11329, Adv. No. 87-1281.

96 B.R. 717 (1989)

In re Norvell BRUCE and Dianna Key Houston, Debtors. Norvell BRUCE and Dianna Key Houston, Plaintiffs, v. REPUBLICBANK—SOUTH AUSTIN, Defendant.

United States Bankruptcy Court, W.D. Texas, Austin Division.

January 8, 1989.

Attorney(s) appearing for the Case

Albert J. Heinrich Jr., Goldston, Ponder & Heinrich, Austin, Tex., for debtors.

Evelyn N. Howard-Hand, Kammerman & Overstreet, P.C., Austin, Tex., for defendant.

Ray Hendren, Chapter 13 Trustee, Austin, Tex.

MEMORANDUM OF DECISION

LEIF M. CLARK, Bankruptcy Judge.

At San Antonio, Texas, came on for trial the foregoing cause. Upon consideration thereof, the court enters this decision and order as its findings and conclusions and as the judgment thereon.

BACKGROUND FACTS

On September 3, 1982, Norvell and Dianna Houston, the debtors in this Chapter 13 bankruptcy case, executed a $65,000 note, payable on demand or in five months. The note was secured...

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