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IN RE HUNT

Bankruptcy No. 3-81-01532, Adv. No. 3-81-0912, 3-81-0964.

18 B.R. 504 (1982)

In re Richard Allen HUNT and Freida Byrd Hunt, individually and d/b/a First Town Construction, Debtors. MOUNTAIN EMPIRE BANK, Plaintiff, v. William L. LANCASTER, III, Trustee, Defendant. and VALLEY FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. MOUNTAIN EMPIRE BANK and William L. Lancaster, III, Trustee, Defendants, The Paty Company, Intervenor.

United States Bankruptcy Court, E.D. Tennessee.

March 8, 1982.

Attorney(s) appearing for the Case

Robert B. Carter, Johnson City, Tenn., for Mountain Empire Bank.

Ferdinand Powell, Jr., Johnson City, Tenn., for William L. Lancaster, III, Trustee.

Judson D. Thornton, Jonesboro, Tenn., for Valley Federal Sav. and Loan Ass'n.

Stephen E. Fox, Johnson City, Tenn., for The Paty Co.

MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

These consolidated proceedings involve the validity and priority of liens on real property. The Valley Federal Savings and Loan Association and the Mountain Empire Bank assert lien rights under recorded deeds of trust. The Paty Company asserts a materialmen's lien under Tennessee Code Annotated 64-1101 et seq. The trustee invokes the rights of a judicial lien creditor and bona fide purchaser under 11 U.S.C. §...

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