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IN RE OLIVER

Bankruptcy Nos. 584-50327, 584-50326 and 584-50322 to 584-50324, Adv. No. 586-5084.

66 B.R. 426 (1986)

In re Floyd OLIVER, Individually, Debtor. In re Layton OLIVER and wife, Joyce Oliver, Debtors. In re OLIVER BROTHERS, a Partnership Composed of Floyd Oliver and Layton Oliver, Debtors. In re OLIVER BROTHERS CORPORATION, a Texas Corporation, Debtors. In re O-O, INCORPORATED, Debtor. Floyd OLIVER, et al., Debtors-in-Possession, Plaintiffs, v. MBANK DALLAS, N.A., et al., Defendants.

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

October 11, 1986.

Attorney(s) appearing for the Case

Jim Walters, Walters & Associates, Lubbock, Tex., for debtors.

J. Maxwell Tucker, Jr., Winstead, McGuire, Sechrest & Minick, Dallas, Tex., for MBank.

Steven Sakonchick, II, Sr. Atty., Austin, Tex., for Federal Land Bank.

Robert L. Jones, Crenshaw, Dupree & Milam, Lubbock, Tex., for Connecticut Gen. Life Ins., I.L. Files, Travelers Ins. Co., and Levelland Vegetable Oil.

Nancy Koenig, Asst. U.S. Atty., Lubbock, Tex., for Farmers Home Admin.

Kent Hale, Lubbock, Tex., for Linnie Pearl Hartin.

MEMORANDUM OF DECISION CONCERNING RENT PROCEEDS

JOHN C. AKARD, Bankruptcy Judge.

Procedural History

On December 26, 1984, the Debtors filed voluntary petitions under Chapter 11 of the Bankruptcy Code. On June 27, 1986, the Debtors filed this Adversary Proceeding, naming seventeen parties defendant, to determine the rights of the parties to the rents from certain lease agreements. Under the agreements, the Debtors rented portions of their...

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