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IN MATTER OF WAGNER

Bankruptcy No. 82-00506, Adv. No. 82-0438.

30 B.R. 554 (1983)

In the Matter of Carl L. WAGNER and Margaret R. Wagner, Debtors. Carl L. WAGNER and Margaret R. Wagner, Plaintiffs, v. GLACIAL HOLDING, INC., also known as Glacial Minerals and First National Bank of Fryburg, Defendants.

United States Bankruptcy Court, W.D. Pennsylvania.

January 28, 1983.

Attorney(s) appearing for the Case

Christopher A. Beck and McCrady, Kreimer, Ravick & Bonistalli, Pittsburgh, Pa., for plaintiffs.

Kenneth P. Simon and Reed, Smith, Shaw & McClay, Pittsburgh, Pa. and H. Ray Pope, III, and Pope & Pope, Clarion, Pa., for defendants.

MEMORANDUM AND ORDER DISPOSING OF COAL MINING ROYALTIES

WILLIAM B. WASHABAUGH, Jr., Bankruptcy Judge:

The First National Bank of Fryburg (Bank) held judgment liens in the amount of some $300,000 against real estate of the debtors in Clarion County, Pennsylvania on December 10, 1981 when said debtors entered into a coal option agreement with Glacial Minerals, Inc. recorded in the office of the Recorder of Deeds of Clarion County May 21, 1982. The agreement...

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