IN RE OTERO MILLS, INC.

Bankruptcy No. 82-00217 M L, Adv. No. 82-0373.

21 B.R. 777 (1982)

In re OTERO MILLS, INC., Employer ID No. 85-0194848, Debtor. OTERO MILLS, INC., Plaintiff, v. SECURITY BANK & TRUST, Defendant.

United States Bankruptcy Court, D. New Mexico.

July 1, 1982.


Attorney(s) appearing for the Case

Jennie Deden Behles, Daniel J. Behles, Albuquerque, N.M., for plaintiff.

Norman S. Thayer, Gail Gottlieb, Albuquerque, N.M., for defendant.


MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter came before the Court on the complaint of plaintiff, Otero Mills, Inc. (Otero Mills), for an injunction to prevent Security Bank & Trust (SB & T) from proceeding on a judgment in Otero County (New Mexico) District Court against Charles J. Dugan (Dugan), president and shareholder of Otero Mills. The facts are as follows:

In April, 1979, Otero Mills executed, for value, a promissory...

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