Sun Bank, N. A. v. Snell (In Re Cone)

FINDINGS OF FACT AND MEMORANDUM OF LAW

GEORGE L. PROCTOR, Bankruptcy Judge.

Findings of Fact

Upon stipulated facts, the Court makes the following findings:

1. On June 19, 1980, Cooper Industries, Inc., obtained a judgment by default against, inter alia, the debtor in the United States District Court for the Northern District of Texas in the amount of $86,606.72 together with interest at the rate of 9 per cent per annum.

2. On August 1, 1980, the final judgment was registered pursuant to 28 U.S.C. § 1963 in the United States District Court for the Middle District of Florida.

3. On August 12, 1980, a…