MATTER OF PERNIE BAILEY DRILLING CO., INC.

No. 92-4209.

993 F.2d 67 (1993)

In the Matter of PERNIE BAILEY DRILLING CO., INC., Debtor. W. Simmons SANDOZ, Successor Trustee to William F. Baity, Successor Interim Trustee to Hugh William Thistlethwaite, Jr., Etc., Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Etc., and NCNB Texas National Bank, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

May 28, 1993.


Attorney(s) appearing for the Case

Jack C. Caldwell, Milling, Benson, Woodward, Hillyer, Pierson & Miller, Lafayette, LA, for plaintiff-appellant.

Robert O. Thomas, Jackson & Walker, Houston, TX, for NCNB.

Joseph S. Cohen, Hirsch & Westheimer, Houston, TX, for FDIC as Rec. for First Republicbank Houston.

Before POLITZ, Chief Judge, WISDOM and WIENER, Circuit Judges.


POLITZ, Chief Judge:

The Chapter 7 bankruptcy trustee appeals the ruling of the bankruptcy court, 131 B.R. 53, affirmed by the district court, concerning the validity of a secured interest in certain accounts receivable. For the reasons assigned, we affirm.

Background

In March 1982, Pernie Bailey Drilling Company and Interfirst Bank Fannin1 executed an agreement entitled "Security...

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