Tascosa National Bank of Amarillo v. Epps (In re Epps)

MEMORANDUM AND ORDER

BILL H. BRISTER, Bankruptcy Judge.

The debtor, Billy Dean Epps, all times relevant to this memorandum, had conducted a general insurance business in Amarillo, Texas, under the common name and style of Epps Insurance Agency. Between September 11, 1979, and September 4, 1981, the debtors had executed four separate notes to Tascosa National Bank of Amarillo (“Bank”) upon which an accumulated principal balance of $131,360.59 is owed. In connection with the delivery of those notes the debtors had executed assignments and security agreements, containing “other in-debtednesses” or…