Munoz v. New Metropolitan Federal Savings & Loan Ass'n (In Re Munoz)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

A. JAY CRISTOL, Bankruptcy Judge.

This matter came before the Court for trial on August 25, 1987 on Debtors’ Com plaint to Determine Amount and Validity of Alleged Interest in Note Proceeds. At issue is the alleged interest of New Metropolitan Federal Savings & Loan Association formerly known as Metropolitan Savings and Loan Association (“Metropolitan”) in property of the estate consisting of proceeds from the payment of a promissory note in favor of the Debtors.

The Court having considered the record including the evidence, testimony of live witnesses and…