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IN RE PITT

Bankruptcy No. 90-20529-B, APN 90-2121-B.

121 B.R. 493 (1990)

In re Eric R. PITT, Barbara G. Pitt, Debtors. LAWYERS TITLE INSURANCE CORPORATION, Plaintiff, v. Eric R. PITT, and Barbara G. Pitt, Defendants.

United States Bankruptcy Court, E.D. Virginia, Norfolk Division.

November 29, 1990.

Attorney(s) appearing for the Case

James R. Sheeran, Portsmouth, Va., for debtors.

C. Jay Robbins, IV, Chesapeake, Va., for plaintiff.

OPINION AND ORDER

HAL J. BONNEY, JR., Bankruptcy Judge.

This is a short opinion with long consequences. It may considerably affect the relationship among developers, lenders, title insurance companies, general contractors and subcontractors for time to come. Here is a lesson that the law cannot become subordinated to convenience.

In the construction industry and, unfortunately, in the realm of bankruptcy we are familiar with the system by which the...

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