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.
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