Victor Savings & Loan Ass'n v. Grimm (In Re Greater Atlantic & Pacific Investment Group, Inc.)

MEMORANDUM ORDER AND DECISION

MICKEY DAN WILSON, Bankruptcy Judge.

This adversary proceeding was submitted for decision on complaint, stipulations and briefs pursuant to order filed July 14, 1988. The Court also takes judicial notice of the record in In re Greater Atlantic and Pacific Investment Group, Inc., Case No. 87-00200-W. Upon consideration thereof, the Court finds, concludes and orders as follows:

FINDINGS OF FACT

1. On or about December 28,' 1984, George A. Shipman and Thigpen Land Corporation (“TLC”) by its president, Roy E. Thigpen, III, executed a note to Victor Savings and Loan…