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EXCHANGE NATIONAL BANK OF CHICAGO v. SPALITTA

No. 55012.

321 So.2d 338 (1975)

EXCHANGE NATIONAL BANK OF CHICAGO et al. v. Frank SPALITTA et al.

Supreme Court of Louisiana.

On Rehearing November 3, 1975.

Attorney(s) appearing for the Case

Leo S. Roos, Roos & Roos, New Orleans, for plaintiffs-applicants.

Joseph P. Henican, III, Carl W. Cleveland, C. Ellis Henican, Jr., Henican, James & Cleveland, New Orleans, for defendants-respondents.

BARHAM, Justice.

This suit was filed by Exchange National Bank in an attempt to collect money owed to it by Place Vendome Corporation from the latter's accommodation guarantors, C. Ellis Henican, Philip E. James, and Frank Spalitta. Place Vendome Corporation is a subsidiary of Southern Land Title Corporation, both of which are presently in bankruptcy proceedings under Chapter X of the Bankruptcy Act, the chapter providing for corporate reorganization. 11 U.S.C. &...

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