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IN RE HANCOCK

Bankruptcy No. 87-00797-W, Adv. No. 88-0217-W.

137 B.R. 835 (1992)

In re Phillip Lee HANCOCK and Sherry Dian Hancock, Debtors. John B. JARBOE, Trustee, Plaintiff, v. UNITED STATES SMALL BUSINESS ADMINISTRATION, Defendant.

United States Bankruptcy Court, N.D. Oklahoma.

March 9, 1992.

Attorney(s) appearing for the Case

Paul R. Thomas, Tulsa, Okl., for plaintiff.

J.A. O'Toole, Oklahoma City, Okl., for defendant.

MEMORANDUM OPINION AND ORDER

MICKEY DAN WILSON, Bankruptcy Judge.

This adversary proceeding was submitted for decision on stipulations and briefs filed herein on December 30, 1988. Upon consideration thereof, and of the record herein, the Court finds, concludes, and orders as follows.

FINDINGS OF FACT

In August 1976, the Small Business Administration ("SBA") made an unsecured disaster loan for flood loss to Phillip Lee

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