First Alabama Bank of Montgomery v. Mims

OPINION

VARNER, District Judge.

This cause is now before the Court on an appeal of a bankruptcy decision issued by Hon. A. Pope Gordon, United States Bankruptcy Judge, on October 30, 1985.

Defendant/Appellee herein, Kenneth W. Mims [hereinafter referred to as Appellee], filed a joint petition under Chapter 7 of the United States Bankruptcy Code on August 2, 1985, in the United States Bankruptcy Court for the Middle District of Alabama. At the time of the filing of the petition, Plaintiff/Appellant, First Alabama Bank of Montgomery [hereinafter referred to as Appellant], had a perfected purchase…