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IN RE JACK/WADE DRILLING, INC.

Bankruptcy No. 95-50469, Adversary No. 96-5016.

213 B.R. 493 (1997)

In re JACK/WADE DRILLING, INC., Debtor. Paul N. DeBAILLON, Trustee, v. Jack WILSON, et al., Defendants.

United States Bankruptcy Court, W.D. Louisiana, Lafayette-Opelousas Division.

July 15, 1997.

Attorney(s) appearing for the Case

Paul DeBaillon, Lafayette, LA, trustee.

Marilyn Castle, Lafayette, LA, for Jack Wilson.

Stewart Peck, New Orleans, LA, for Baker Hughes.

REASONS FOR DECISION

GERALD H. SCHIFF, Bankruptcy Judge.

Jack/Wade Drilling, Inc. ("Jack Wade") filed a voluntary petition for relief under chapter 7 of the Bankruptcy Code on April 27, 1995. Paul N. DeBaillon ("Trustee") is the duly appointed, qualified and acting chapter 7 trustee. Assets of the estate, consisting of drilling rigs and related equipment were sold at public auction on October 31, 1995. Pursuant...

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