1. Home
  2. Browse Decisions
  3. B.R.
  4. 122 B.R.
  5. 122 B.R. 958 (1991)
 

IN RE CHURCH & INST. FACILITIES DEVELOPMENT CORP.

Bankruptcy No. 289-20384-11, Adv. No. 290-2016.

122 B.R. 958 (1991)

In re CHURCH AND INSTITUTIONAL FACILITIES DEVELOPMENT CORPORATION, Debtor. Henry C. SEALS, Trustee, Plaintiff, v. The FIRST NATIONAL BANK OF AMARILLO, Defendant.

United States Bankruptcy Court, N.D. Texas, Amarillo Division.

January 24, 1991.

Attorney(s) appearing for the Case

Larry Sherman, Gibson, Ochsner & Adkins, Amarillo, Tex., for FNB.

Barbara E. Hargis, Harris, Finley, Creel & Bogle, Fort Worth, Tex., and Thomas Dixon, Jr., Underwood, Wilson, Berry, Stein & Johnson, Amarillo, Tex., for trustee.

Donald E. Patterson, Culton, Morgan, Britain & White, Amarillo, Tex., for the 5001 Bondholders Committee.

Henry Seals, Trustee-in-Bankruptcy, Fort Worth, Tex., trustee.

MEMORANDUM OPINION ON PRIORITY OF LIENS

JOHN C. AKARD, Bankruptcy Judge.

In order to resolve the lien priority issues raised by this Adversary Proceeding, the court must determine whether a bond indenture trustee exceeded its authority. Finding that the trustee did not exceed its authority, the court holds that the liens held by the Plaintiff and Defendant have equal priority.

FACTS1

Promoters formed a number...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases