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IN RE MURCHISON

Bankruptcy Nos. 385-30266-11, 385-30929-11.

54 B.R. 721 (1985)

In re Clinton W. MURCHISON, Jr., Debtor. In re TECON REALTY CORPORATION, Debtor.

United States Bankruptcy Court, N.D. Texas, Dallas Division.

October 24, 1985.

Attorney(s) appearing for the Case

James C. Slaughter, Jonathan B. Skidmore, Fulbright & Jaworski, Houston, Tex., Evelyn H. Biery, Fulbright & Jaworski, San Antonio, Tex., Vince Walkowiak, Fulbright & Jaworski, Dallas, Tex., Larry G. Franceski, Fulbright & Jaworski, Washington, D.C., for Riggs National Bank.

Robert L. Hoffman, Strasburger & Price, Philip I. Palmer, Jr., Richard W. Ward, Palmer, Palmer & Coffee, Dallas, Tex., for the Debtor.

Mark E. MacDonald, Mike Paslay, Johnson & Swanson, Dallas, Tex., for the Creditors' Committee.

David Snodgrass, Gardere & Wynne, Dallas, Tex., for F.D.I.C.

MEMORANDUM OPINION

HAROLD C. ABRAMSON, Bankruptcy Judge.

On 7 February 1985 an involuntary petition in bankruptcy was filed against Clinton W. Murchison Jr. (hereinafter Debtor) by Toronto-Dominion Bank, Citicorp Real Estate, and Kona-Post Corporation. On 27 February 1985 Debtor consented to entry of an order for relief. Shortly thereafter, on 19 August 1985, Tecon Realty Corporation (hereinafter Tecon), a component entity of the extensive Murchison holdings...

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