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IN RE BEARHOUSE, INC.

Bankruptcy No. ED 87-42M, Adv. Nos. 87-134M, 87-139M, 87-186M and 87-209M, CMS Nos. 87-394M, 87-434M.

84 B.R. 552 (1988)

In re BEARHOUSE, INC., Debtor. FARMERS RICE MILLING COMPANY, INC., Plaintiff, v. Claude S. HAWKINS, Jr., Interim Trustee for Bearhouse, Inc., Defendant. Edward L. OLTMANN and Gary W. Shrum d/b/a E & G Agri and Virgie M. Reinhart and Virginia R. Ray d/b/a Wolfe Prairie Farms, Plaintiffs, v. BEARHOUSE, INC., Claude S. Hawkins, Jr., Interim Trustee, and National Bank of Commerce of Pine Bluff, Defendants. FARMERS RICE MILLING COMPANY, INC., Plaintiff, v. BEARHOUSE, INC., Aetna Casualty & Surety Company and National Bank of Commerce of Pine Bluff, Defendants. LADD FARMS, a Partnership Composed of Earl Ladd, Glenn Ladd, Clifton Ladd and Keith Ladd, Plaintiffs, v. Claude HAWKINS, Jr., Trustee, Bearhouse, Inc., and National Bank of Commerce of Pine Bluff, Defendants. LADD FARMS, a Partnership Composed of Earl Ladd, Glenn Ladd, Clifton Ladd and Keith Ladd, Plaintiffs, v. Claude HAWKINS, Jr., Interim Trustee, Bearhouse, Inc., National Bank of Commerce of Pine Bluff, Defendants. FARMERS RICE MILLING COMPANY, INC., Plaintiff, v. Claude S. HAWKINS, Jr., Interim Trustee for Bearhouse, Inc., Defendant, National Bank of Commerce of Pine Bluff, Intervenor, Commodity Credit Corporation, Intervenor.

United States Bankruptcy Court, W.D. Arkansas, El Dorado Division.

January 22, 1988.

Attorney(s) appearing for the Case

Charles R. Camp, Little Rock, Ark., for debtor.

Claude S. Hawkins, Jr., Ashdown, Ark., Trustee.

William Meeks, Hamburg, Ark., for Ladd Farms.

Terry F. Wynne, Pine Bluff, Ark., for Nat. Bank of Commerce of Pine Bluff.

Claude Skelton, Little Rock, Ark., for U.S. Dept. of Agriculture.

Thomas S. Streetman, Crossett, Ark., for Farmers Rice Mill. Co., Inc.

Bob Lawson, Little Rock, Ark., for U.F. Coleman and Monticello Gin & Elevator Co.

Larry McCord, Asst. U.S. Atty., Fort Smith, Ark., for Commodity Credit Corp.

William K. Ball, Monticello, Ark., for Edward L. Oltmann, Gary Shrum, Virgie & Virginia Ray.

Overton S. Anderson, Little Rock, Ark., for Aetna Cas. & Sur. Co.

MEMORANDUM OPINION

JAMES G. MIXON, Bankruptcy Judge.

On March 10, 1987, an involuntary petition was filed against Bearhouse, Inc. (Bearhouse). Bearhouse did not contest the petition, so an order was entered adjudicating Bearhouse a debtor under chapter 7. Hon. Claude S. Hawkins, Jr., was appointed interim trustee. On March 12, 1987, Bearhouse filed a motion to convert to chapter 11, and on April 13, 1987, an order was entered granting the motion. Hon. Claude...

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