IN RE TALLANT

Bankruptcy No. 86-01302.

72 B.R. 302 (1987)

In re Eldon TALLANT, Debtor.

United States Bankruptcy Court, M.D. Alabama, N.D.

April 2, 1987.


Attorney(s) appearing for the Case

Lloyd V. Crawford, Rushton, Stakely, Johnston, & Garrett, Montgomery, Ala., for debtor.

Joseph P. Borg, Capouano, Wampold, Prestwood, & Sansone, P.A., Montgomery, Ala., for First Alabama Bank.


OPINION ON MOTION FOR VALUATION OF SECURITY

A. POPE GORDON, Bankruptcy Judge.

The debtor, Eldon T. Tallant, filed a motion requesting the court to determine whether the dragnet clause in a hypothecation agreement between the debtor and his father, Elmer A. Tallant, as borrowers, and the creditor, First Alabama Bank, operates to continue the property hypothecated as security for a loan made later to the debtor alone.

The matter was submitted upon...

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