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IN RE CENTURY OFFSHORE MANAGEMENT CORP.

No. 95-5492.

83 F.3d 140 (1996)

In re: CENTURY OFFSHORE MANAGEMENT CORPORATION, Debtor. GRASSO PRODUCTION; Air Logistics Incorporated, Appellants, v. BMO FINANCIAL INCORPORATED; Bank of Montreal, Appellees.

United States Court of Appeals, Sixth Circuit.

Decided May 7, 1996.

Attorney(s) appearing for the Case

Richard J. Reynolds (briefed), Schober, Reynolds & Antee, Shreveport, LA, for appellants.

Candance S. Schiffman (briefed), and Alan Shore Gover, Weil, Gotshal & Manges, Houston, TX, for appellees.

Before: MERRITT, Chief Judge; MILBURN, Circuit Judge; O'MALLEY, District Judge.

MERRITT, Chief Judge.

This case involves the priority under Louisiana law of liens on certain oil and gas properties owned by Century Offshore Management Corporation, the debtor in a Chapter 11 bankruptcy proceeding that began in August 1993 before Bankruptcy Judge Joe Lee. In December 1993, the Bank of Montreal and BMO Financial, Inc. (collectively, the "Bank"), secured creditors of Century with consensual mortgages and security interests on substantially all of...

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