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MELCER v. WARREN

No. 12476.

550 S.W.2d 760 (1977)

Harry I. MELCER et ux. et al., Appellants, v. J. Garland WARREN et ux., Appellees.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied May 18, 1977.

Attorney(s) appearing for the Case

William L. Burnett, Wheat, Thornton & Wheat, Houston, for appellants.

Gene Majors, Fitzgerald & Majors, San Marcos, for appellees.

O'QUINN, Justice.

The controlling issue in this appeal is whether the automatic stay in Rule 601, Rules of Bankruptcy Procedure, rendered void exercise by appellants of their option to accelerate maturity of a note, secured by vendor's lien and deed of trust on real property, made by appellees to appellants in connection with sale of real property.1

The trial court held that the stay was effective to void exercise of the option...

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