MATTER OF PERMIAN ANCHOR SERVICES, INC.

Nos. 79-1916, 79-1983.

649 F.2d 763 (1981)

In the Matter of PERMIAN ANCHOR SERVICES, INC., d/b/a Permian Foundation and Drilling Company, Bankrupt, FIRST NATIONAL BANK OF LEA COUNTY, Appellant/Cross-Appellee, v. Forrest NICCUM and Marvel Engineering Company, Appellees/Cross-Appellants.

United States Court of Appeals, Tenth Circuit.

Decided May 11, 1981.


Attorney(s) appearing for the Case

Mark B. Thompson, III, Modrall, Sperling, Roehl, Harris & Sisk, Albuquerque, N. M. (Arthur D. Melendres, Modrall, Sperling, Roehl, Harris & Sisk, Albuquerque, N. M., with him on brief), for appellant/cross-appellee.

Marian Matthews, Matthews & Crider, Albuquerque, N. M., for appellees/cross-appellants.

Before SETH, Chief Judge, DOYLE, Circuit Judge, and THOMPSON, United States District Judge.


WILLIAM E. DOYLE, Circuit Judge.

This is an appeal from a bankruptcy judgment rendered in New Mexico. Permian Anchor Services, Inc. is the bankrupt. It was adjudged a bankrupt following the filing of an involuntary petition. The adjudication occurred on March 17, 1976. The judgment awarded first priority to the First National Bank of Lea County for its security interest in certain assets. The award fully satisfied the debt to the bank. It received payment of the debt...

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