Sanders v. First National Bank of Camden (In re Sanders)

MEMORANDUM OPINION

JAMES G. MIXON, Bankruptcy Judge.

On November 1, 1984, John and Mary Ellen Sanders filed a joint voluntary petition for relief under the provisions of chapter 11. Because of the potential conflict of interest, separate counsel was employed by each of the debtors-in-possession. On May 6, 1985, Mrs. Sanders filed this complaint to set aside First National Bank of Camden, Arkansas' (FNB), mortgage on the South lk of the Southeast lk of Section 36, Township 13 South, Range 19 West, Oua-chita County, Arkansas, and to determine that Mrs. Sanders’ liability on note No. 90-67834 has…