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IN RE HEAD

Bankruptcy No. 582-00947-S, Adv. No. 583-0016.

39 B.R. 102 (1983)

In re Tommy HEAD and Jennetta Head, Debtors. BANK OF DOVER, Plaintiff, v. Tommy and Jennetta HEAD, Defendants.

United States Bankruptcy Court, W.D. Louisiana, Shreveport Division.

October 4, 1983.

Attorney(s) appearing for the Case

Dale Finley, Russelville, Ark., for Bank of Dover.

William E. Steffes, Baton Rouge, La., for Tommy and Jennetta Head.

LeROY SMALLENBERGER, Bankruptcy Judge.

STIPULATED FACTS

These facts, which were stipulated to by the parties, admit that the loans would be usurious under Arkansas State law. Therefore, the sole issue to be decided by this Court, is whether the transactions in question fall under federal law, 12 U.S.C. § 86a, which preempts state law.

The following facts were stipulated to through counsel for each of the parties:

(1) Tommy and Jennetta...

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