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MATTER OF VALLERY

Bankruptcy No. 582-00242-A, Adv. No. 582-0058.

23 B.R. 141 (1982)

In the Matter of Gordon VALLERY and Audrey F. Vallery, Debtors. AMERICAN BANK OF VICKSBURG, MISSISSIPPI, Plaintiff, v. Gordon VALLERY, Audrey F. Vallery and Gordon Vallery, Jr., Defendants.

United States Bankruptcy Court, W.D. Louisiana.

September 15, 1982.

Attorney(s) appearing for the Case

Frank R. Bolton, Jr., Alexandria, La., for plaintiff.

Irving Ward-Steinman, Alexandria, La., for defendants.

FINDINGS OF FACT

LeROY SMALLENBERGER, Bankruptcy Judge.

In 1977, the defendants, Gordon and Audrey F. Vallery, executed two (2) notes in favor of the plaintiff, American Bank of Vicksburg, Mississippi (American). On May 31, 1978, the defendants executed a collateral mortgage in favor of their son, Gordon Vallery, Jr., also a defendant herein. The mortgage was recorded in Rapides Parish on June 1, 1978. Plaintiff's Exhibit No. 1.

American filed suit...

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