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IN RE DAN HIXSON CHEVROLET CO.

Bankruptcy No. 181-00014, Adv. No. 181-0011.

20 B.R. 108 (1982)

In re DAN HIXSON CHEVROLET COMPANY, Debtor. Joseph COLVIN, Trustee, Plaintiff, v. Richard PETREE, Tax Collector, City of Abilene & Abilene ISD, Citizens National Bank, First National Bank, First State Bank, Dan Hixson, et al.

United States Bankruptcy Court, N.D. Texas, Abilene Division.

May 12, 1982.

Attorney(s) appearing for the Case

Joseph Colvin, Fort Worth, Tex., Trustee.

Charles Dick Harris, Abilene, Tex., for debtor.

E. Lee Haag, III, Abilene, Tex., for First State Bank.

John D. Walz, Dist. Counsel, Small Business Administration, Lubbock, Tex., for S.B.A.

James Gordon, Abilene, Tex., for First Nat'l Bank.

David Stubbeman, Abilene, Tex., for Citizens Nat'l Bank.

Henry Hart, Abilene, Tex., for Creditors' Committee.

MEMORANDUM OPINION

JOHN FLOWERS, Bankruptcy Judge.

A 5.77 acre tract of land belonging to the Debtor, Dan Hixson Chevrolet Company, was sold and approximately $305,000.00 of proceeds was placed in escrow after payment of a prior undisputed lien. Several creditors now assert various claims to the proceeds. The evidence before the court was presented through testimony at an evidentiary hearing and by stipulation.

The 5.77 acre tract in question originally...

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