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NORTHEAST NAT. BANK v. TILLOTSON

Bankruptcy No. 481-00145, Adv. No. 481-0118.

12 B.R. 124 (1981)

NORTHEAST NATIONAL BANK v. Art TILLOTSON, et al.

United States Bankruptcy Court, N.D. Texas, Fort Worth Division.

June 29, 1981.

Attorney(s) appearing for the Case

Marion L. Massey, Fort Worth, Tex., for N.E. Nat. Bank.

Steve C. Cocanower, Fort Worth, Tex., for Tillotson.

MEMORANDUM OPINION

JOHN FLOWERS, Bankruptcy Judge.

Northeast National Bank (hereinafter the "bank") filed a complaint to lift stay to foreclose on certain collateral. The debtor, Art Tillotson, filed an answer and cross-action alleging that the bank charged the debtor usurious interest and alternatively that the bank's claim is unsecured.

At the hearing on June 17, 1981, the bank introduced the original and renewal notes evidencing a $20,800.00 debt...

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