Legal Opinion
Sanders v. Stephens Security Bank (In Re Sanders)
United States Bankruptcy Court, W.D. Arkansas
Decided January 21, 1987No. Bankruptcy No. ED 84-90M, AP No. 85-185MPublished
1Opinion of the Court
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 Stephens Security Bank’s (Stephens) claim of lien on a certificate of deposit and to determine that Mrs. Sanders’ liability on a note had been discharged.
Other actions were filed by Mrs. Sanders against The Merchants and Planters Bank,…
2Cases cited22 opinions
- Federal Deposit Insurance Corporation v. Blue Rock Shopping Center, Inc., a Delaware Corporation. Appeal of Max Ambach and Rose AmbachCourt of Appeals for the Third Circuit · 1985
- Miami National Bank v. FinkDistrict Court of Appeal of Florida · 1965
- Rushton v. UM & M. CREDIT CORPORATIONSupreme Court of Arkansas · 1968
- Ward v. Worthen Bank & Trust Co., N.A.Supreme Court of Arkansas · 1984
- Carney v. Central National Bank of GreencastleIndiana Court of Appeals · 1983
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