Georgian Villa, Inc. v. City National Bank of Birmingham (In Re the Georgian Villa, Inc.)

HUGH ROBINSON, Bankruptcy Judge.

ORDER

This matter comes before the Court on cross motions for summary judgment filed by Morton P. Levine, the receiver for the debtors, and by Glenmore and Sarah E. Carter. Having considered the stipulation of facts, the briefs and documentary evidence submitted by the parties and the pleadings on file the Court makes the following decision.

FINDINGS OF FACT

The following findings of fact, derived substantially from the stipulation of fact submitted by the parties, have been supplemented with additional findings based on the evidence before the Court.

Glenmore and…