CCF, Inc. v. First National Bank & Trust Co. of Okmulgee (In Re Slamans)

ORDER

ELLISON, Chief Judge.

Now before the Court is an appeal by CCF, Inc. of a decision by the United States Bankruptcy Court for the Northern District of Oklahoma. The Bankruptcy Court awarded Appellee First National Bank $111,053.41 under Section 509 of the Bankruptcy Code. CCF now challenges that decision, contending the Bankruptcy Court erred, as a matter of law, in awarding First National Bank the money. However, for the reasons stated below, this Court affirms the Bankruptcy Court decision.

I. Summary of Facts

Debtor Thomas William Slamans operated gas stations. On December 4,1990, Slamans…