Howell Steel Co., Inc. v. TRUSTMARK NAT. BANK

MEMORANDUM OPINION AND ORDER

TOM S. LEE, District Judge.

This cause is before the court on the motion to stay and to dismiss filed by defendant Trustmark National Bank (Trust-mark). Plaintiffs Howell Steel Company, Inc. (Howell Steel), Lee Coker and Francis Coker have filed timely response to the motion, and the court has considered the memoranda of authorities submitted by the parties in support of their respective positions.

On March 26, 1986, an involuntary Chapter 11 bankruptcy petition was filed against Howell Steel. Subsequently, on May 5, 1986, Howell Steel consented to the petition and…