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IN RE HOT SHOTS BURGERS & FRIES, INC.

Bankruptcy No. 91-41298M. Adv. No. 92-4130M.

183 B.R. 848 (1995)

In re HOT SHOTS BURGERS & FRIES, INC., Debtor. M. Randy RICE, Trustee, Plaintiff, v. FAS FAX CORPORATION, Crown Leasing, Inc., Supreme Fixture Company, Inc., JEH Leasing Corp., Asher Restaurant Equipment Sales & Service, Inc., Twin City Bank, Union Bank of Benton, and Wheelees, Inc., Charles Darwin Davidson, as Trustee for Luis E. Salazar and Thomas J. Houlihan, and Richard Cox, as Trustee for Edward A. Salazar, Defendants.

United States Bankruptcy Court, E.D. Arkansas, Western Division.

March 27, 1995.

Attorney(s) appearing for the Case

Keith L. Grayson, Little Rock, AR, for Charles D. Davidson.

Abraham W. Bogoslavsky, Twin City Bank, Little Rock, AR, for Twin City Bank.

Randy M. Rice, Trustee, Little Rock, AR.

Floyd A. Healy, Little Rock, AR, for Union Bank of Benton.

W. Frank Morledge, Forrest City, AR, for Wheelees, Inc.

Charles W. Baker, Jr., Little Rock, AR, for Randy Rice, Trustee.

Scott T. Vaughn, N. Little Rock, AR, for Union Bank of Benton.

Ron L. Goodman, Little Rock, AR, for the Salazars.

MEMORANDUM OPINION

JAMES G. MIXON, Chief Judge.

On May 28, 1991, Hot Shots Burgers & Fries, Inc., (debtor) filed a voluntary petition for relief under the provisions of Chapter 11 of the United States Bankruptcy Code. The case was converted to a proceeding under Chapter 7 and M. Randy Rice was appointed trustee. On August 21, 1992, the trustee filed a complaint seeking a determination as to the correct distribution of proceeds from the sale of...

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