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IN RE SOUTHERN INDUS. BANKING CORP.

Bankruptcy No. 3-83-00372, Adv. No. 3-85-0635.

159 B.R. 224 (1993)

In re SOUTHERN INDUSTRIAL BANKING CORPORATION, Debtor. Thomas E. DUVOISIN, Liquidating Trustee, Plaintiff, v. Louise S. EVANS, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

August 19, 1993.

Attorney(s) appearing for the Case

John A. Lucas & Jeffrey S. Norwood, Hunton & Williams, Knoxville, TN, for plaintiff.

Bacon, Jessee, Perkins & Swanson, Morristown, TN, for defendant.

MEMORANDUM

RALPH H. KELLEY, Chief Judge.

Southern Industrial Banking Corporation (SIBC) was an industrial loan and thrift company. The defendant bought a 30-day investment certificate from SIBC. A few days after the certificate matured, SIBC paid the defendant the face amount plus interest. SIBC filed bankruptcy the next month. The plaintiff is the trustee under SIBC's Chapter 11 plan. He brought this...

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