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IN RE PRIOR

Bankruptcy No. 93-40768. Adv. No. 94-4003.

176 B.R. 485 (1995)

In re John PRIOR, d/b/a Prior Oil Co., Debtor. John PRIOR, Plaintiff, v. FARM BUREAU OIL COMPANY, Terry Sharp, Ann Lutz, James Lutz, Elvin Copple, The United States of America, d/b/a The Internal Revenue Service, Teton Royalty, a Texas Partnership, Lawrence Beal, State of Illinois Department of Revenue, Lackey & Lackey, P.C., and James F. Mezo, Defendants.

United States Bankruptcy Court, S.D. Illinois.

January 5, 1995.

Attorney(s) appearing for the Case

Robert T. Bruegge, Edwardsville, IL, for plaintiff.

Craig R. Hedin, Mt. Vernon, IL, for Farm Bureau Oil Co.

Terry Sharp, pro se.

Terry Sharp, Mt. Vernon, IL, for Elvin Copple, James H. Lutz and Ann M. Lutz.

Gerald Burke, Asst. U.S. Atty., Fairview Heights, IL, for I.R.S.

Harold H. Pennock, Centralia, IL, for Teton Royalty.

Timothy Neubauer, Mt. Vernon, IL, for Lawrence Beal.

Archie Lawrence, Asst. Atty. Gen., Springfield, IL, for Ill. Dept. of Revenue.

Paula M. Newcomb, Benton, IL, for James F. Mezo.

OPINION

KENNETH J. MEYERS, Bankruptcy Judge.

At issue in this Chapter 11 case is the validity and priority of competing judicial liens on oil produced from oil and gas leases in which the debtor owns an interest. The debtor, John Prior, owns overriding royalty interests in two oil and gas leases in Clinton County, Illinois, entitling him to a specific share of oil produced from the leases. The judgment creditors in question obtained liens against...

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