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IN RE BILLINGS

Bankruptcy No. 82-00260-H3-6, Adv. No. 82-1317-H3.

56 B.R. 100 (1985)

In re Fred P. and Carol C. BILLINGS, Debtor, CHARTER INTERNATIONAL OIL COMPANY, Plaintiff, v. Fred P. and Carol C. BILLINGS, Defendant.

United States Bankruptcy Court, S.D. Texas, Houston Division.

December 17, 1985.

Attorney(s) appearing for the Case

Karen Emmott, Hoppess, Cowgill & Emmott, Houston, Tex. for Fred and Carol Billings.

Glendon Adams, Stafford, Tex. for Charter Intern. Oil Co.

DECISION AFTER TRIAL OF OBJECTION TO DISCHARGE OF FRED P. BILLINGS

EDWARD J. RYAN, Bankruptcy Judge.

FINDINGS OF FACT

1. Fred P. Billings, defendant, executed an unconditional letter of guarantee to Charter International Oil Co., plaintiff, agreeing to personally pay the liabilities of a corporation known as Anchor-Inland, Inc.

2. Defendant was a principal stockholder, officer, and chief executive officer of Anchor-Inland, Inc.

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