Mercantile National Bank at Dallas v. Aerosmith Denton Corp. (In Re Aerosmith Denton Corp.)

MEMORANDUM AND ORDER

BILL H. BRISTER, Bankruptcy Judge.

Mercantile National Bank at Dallas filed complaint for sanctions against the debtor, alleging that the debtor unlawfully used cash collateral after a Chapter 11 petition was filed without first having obtained consent of the secured party or authorization from the Court. Additionally the complaint seeks sanctions against the attorney who represents the debtor by the bank’s contention that the attorney knowingly, willfully and deliberately advised the debtor to so unlawfully use cash collateral. The following summary constitutes findings of…