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IN RE NWFX, INC.

No. 86-15148.

384 B.R. 214 (2008)

In re NWFX, INC.; Northwest Financial Express, Inc.; and Gold Financial Express, Inc., Debtors. Larry Shaffer, Equity Security Holder of Debtors herein, Petitioner, v. City National Bank and its successor, BancorpSouth, Respondent.

United States Bankruptcy Court, W.D. Arkansas, Fayetteville Division.

March 25, 2008.

Attorney(s) appearing for the Case

Curtis E. Hogue, Hall Estill Law Firm, Erwin L. Davis, Attorney at Law, Michael C. Lea, Pearson Law Firm, Fayetteville, AR, Steven W. Soule, Thomas A. Creekmore, Hall, Estill, Hardwick Law Firm, Tulsa, OK, James E. Smith, Jr., Attorney at Law, Little Rock, AR, for Debtors.

MEMORANDUM OPINION

RICHARD D. TAYLOR, Bankruptcy Judge.

Before the Court is Larry Shaffer's Petition to Vacate Order Approving Compromise Settlement and Setting Claim of CNB for Hearing [the Petition] and the answer filed by BancorpSouth Bank, successor to City National Bank of Ft. Smith [collectively CNB]. The Court conducted a hearing on October 19, 2007, and January 16 and 17, 2008, and took the matter under advisement. The parties concluded their...

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