Legal Opinion

Webb v. Reserve Life Insurance (In re Webb)

United States Bankruptcy Court, N.D. Texas

Decided September 24, 1990No. Bankruptcy No. 589-50661-7; Adv. No. 589-5108PublishedCited by 2 opinions

1Opinion of the Court

MEMORANDUM OF OPINION ON HOMESTEAD

JOHN C. AKARD, Bankruptcy Judge.

The Debtors claimed a business homestead in retail property and asserted that the lien Reserve Life Insurance Company (Reserve) held was invalid. Having deter*115mined that the lien is valid, the court denies the Debtors’ complaint.

Facts

James Thomas Webb, Sr., and Verda Faye Webb, d/b/a Webb Auto Supply (Debtors) filed for relief under Chapter 7 of the Bankruptcy Code on November 7, 1989.1 In this Chapter 7 proceeding the Debtors claimed three parcels of property as their residence and business homestead, namely, (1) their…

2Cases cited15 opinions

  1. Estes v. Republic National Bank of DallasTexas Supreme Court · 1970
  2. Spence v. State Nat. Bank of El PasoTexas Commission of Appeals · 1928
  3. Bankr. L. Rep. P 71,664 in Re John Hugh Niland, Debtor. Tim Truman and John Niland v. Darwin Deason v. Continental Savings AssociationCourt of Appeals for the Fifth Circuit · 1987
  4. In Re StarnsDistrict Court, S.D. Texas · 1985
  5. C. D. Shamburger Lumber Co. v. DelavanCourt of Appeals of Texas · 1937

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3Cited by2 opinions

  1. Webb v. Reserve Life Insurance CompanyCourt of Appeals for the Fifth Circuit · 1992
  2. Webb v. Reserve Life Insurance (In re Webb)Court of Appeals for the Fifth Circuit · 1992

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