Melcer v. Warren

O’QUINN, Justice.

The controlling issue in this appeal is whether the automatic stay in Rule 601, Rules of Bankruptcy Procedure, rendered void exercise by appellants of their option to accelerate maturity of a note, secured by vendor’s lien and deed of trust on real property, made by appellees to appellants in connection with sale of real property.1

The trial court held that the stay was effective to void exercise of the option to mature, and enjoined appellants from proceeding upon their declaration of maturity. Appellants have appealed from this injunc-tive order and bring seven points of…