In Re Hilyard Drilling Co., Inc., Debtor. Worthen Bank & Trust Company, N.A. v. Hilyard Drilling Co., Inc., National Bank of Commerce of El Dorado
Court of Appeals for the Eighth Circuit
1Opinion of the Court
WOLLMAN, Circuit Judge.
Hilyard Drilling Co., Inc. (Hilyard) filed a Chapter 11 bankruptcy petition on January 25, 1985. At that time, Hilyard had debts outstanding to the National Bank of Commerce of El Dorado (NBC) and Worthen Bank & Trust Co., N.A. (Worthen), both secured by perfected security interests in Hilyard’s accounts receivable. NBC appeals from the district court’s 1 affirmance of the bankruptcy court’s 2 judgment that Worthen had a first-priority security interest in Hilyard’s accounts receivable under Arkansas law. We affirm.
I
On April 25, 1979, Hilyard granted NBC a security…
2Cases cited15 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Gary D. Hanson, Sandra Kay Hanson v. First Bank of South Dakota, N.A.Court of Appeals for the First Circuit · 1987
- In the Matter of Chaseley's Foods, Inc., D/B/A Vic's Super Foods, Debtor. Appeal of Daniel L. Freeland, TrusteeCourt of Appeals for the Seventh Circuit · 1984
- Peoples National Bank v. Linebarger Construction Co.Supreme Court of Arkansas · 1951
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- American Cigar Co. v. MNC Commercial Corp. (In Re M. Paolella & Sons, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1988
- In Re Dakota Rail, Inc.United States Bankruptcy Court, D. Minnesota · 1990
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