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JEFFERSON-PILOT LIFE INS. v. THOMPSON

No. 894SC676.

391 S.E.2d 517 (1990)

98 N.C. App. 479

JEFFERSON-PILOT LIFE INSURANCE COMPANY v. Jean M. THOMPSON, Laura A. Thompson, Sherrill A. Thompson, John B. Thompson, Tracy J. Thompson, Mark S. Thompson, Patricia A. Thompson, and Branch Banking and Trust Company.

Court of Appeals of North Carolina.

May 15, 1990.

Attorney(s) appearing for the Case

Stubbs, Perdue, Chesnutt, Wheeler & Clemmons by Gary H. Clemmons, New Bern, for defendant-appellant Jean M. Thompson.

Ward and Smith by William F. Hill and Mario E. Perez, Greenville, for defendant-appellee Branch Banking and Trust Co.

EAGLES, Judge.

The sole issue presented here is whether partial summary judgment in favor of BB & T was appropriate. Appellant argues that the order confirming the Thompson's bankruptcy plan is entitled to full faith and credit, and that confirmation of the plan destroyed any security or lien rights BB & T had in the insurance proceeds. Appellant points out that in Chapter 11 bankruptcy cases (as opposed to Chapter 7) confirmation of the plan of reorganization...

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