First National Bank & Trust Co. of Tulsa v. Hutchins (In Re Buttram)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

WILLIAM E. RUTLEDGE, Bankruptcy Judge.

The following findings of fact and conclusions of law are made and entered in the captioned proceeding.

Findings of Fact

The bankrupt was engaged in the business of operating three public, coin-operated laundries. The locations of the laundries were as follow:(a) 1414 N. Harvard, Tulsa, OK. (“Location No. 1”)(b) 6 S. Cincinnati, Sperry, OK. (“Location No. 2”)(c) 2237 N. Harvard, Tulsa, OK. (“Location No. 3”)

In a series of transactions the bankrupt had secured to The First National Bank and Trust Company of Tulsa…