Wellington Resources Corp. v. Texas (In Re Wellington Resources Corp.)

MEMORANDUM AND OPINION OF LAW

JOHN C. FORD, Bankruptcy Judge.

The issue decided in the case at bar is whether the State of Texas or the Federal Bankruptcy Court has exclusive jurisdiction over the assets of these Debtors. It is the position of this Court that the filing of Chapter 11 Petitions by these related Debtors immediately invokes the exclusive jurisdiction of this Court over the assets of these Debtors pursuant to the provisions of the Bankruptcy Code, 1

This Memorandum and Opinion of Law supercedes the Preliminary Findings of Fact previously filed and sets out Findings of Fact and…