Jackson v. Universal Life Insurance Co.

DICKENSON, Justice.

Archie Jackson appeals from an order which imposed a penalty pursuant to Tex.R. Civ.P. 652 for his failure to pay the amount bid at a sheriff’s sale. We affirm.

Universal Fidelity Life Insurance Company and The Fort Worth National Bank of Fort Worth (judgment creditors) secured a judgment against Gaylon L. Hargrove and wife, Mary Sue Hargrove (judgment debtors), on May 24, 1977. An Order of Sale and Execution issued August 5, 1977. The judgment debtors then declared bankruptcy, and the proceedings were stayed. The judgment creditors’ claims were based on promissory notes…