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IN RE SCOTT

Bankruptcy No. ED 87-177M.

113 B.R. 516 (1990)

In re Shannon D. SCOTT and Patricia R. Scott, d/b/a K.C. Audio/Video Center of Camden, Debtors. The BANK OF YELLVILLE, Plaintiff/Counter-Defendant, v. Shannon D. SCOTT and Patricia R. Scott, d/b/a K.C. Audio/Video Center of Camden and Claude S. Hawkins, Jr., Trustee Defendants/Counter-Claimants, and Borg-Warner Acceptance Corporation, Intervenor/Plaintiff, and ITT Commercial Finance Corporation, Defendant.

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

January 17, 1990.

Attorney(s) appearing for the Case

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

Robert L. Depper, Jr., El Dorado, Ark., for the trustee.

Frank H. Bailey, Mountain Home, Ark., for Bank of Yellville.

Phillip Pesek, Little Rock, Ark., for TransAmerica (Borg-Warner).

MEMORANDUM OPINION

JAMES G. MIXON, Bankruptcy Judge.

On November 10, 1987, The Bank of Yellville, Arkansas (Bank) filed a complaint for foreclosure in the Chancery Court of Ouachita County, Arkansas, (No. 87-377) against Shannon D. Scott and his wife, Patricia R. Scott d/b/a K/C Audio/Video Center of Camden. On November 18, 1987, Borg-Warner Acceptance Corporation of Arkansas1 (Borg-Warner) intervened in the foreclosure action...

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