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IN RE AERCO METALS, INC.

Bankruptcy No. 485-40390.

60 B.R. 77 (1985)

In re AERCO METALS, INC., Debtor.

United States Bankruptcy Court, N.D. Texas, Fort Worth Division.

December 5, 1985.

Attorney(s) appearing for the Case

Tim Truman, Fort Worth, Tex., for trustee.

Robert F. Vargo, Holbrook, Kaufman & Becker, San Antonio, Tex., for Northside Bank of San Antonio.

Timothy J. Snodgrass, Eckert, Seamans, Cherin & Mellott, Pittsburgh, Pa., Vera R. Bangs, Liddell, Sapp, Zivley & Laboon, Dallas, Tex., for Ohio Steel Tube Co.

MEMORANDUM OPINION AND ORDER

MICHAEL A. McCONNELL, Bankruptcy Judge.

On July 2, 1983, Northside Bank of San Antonio, extended a loan in the principal amount of $100,000.00 to the Debtor, Aerco Metals, Inc. As evidence of the loan, E.A. Rudy, the father of E.A. Rudy, III, an officer of the debtor corporation, executed a Promissory Note on behalf of Aerco. In addition Gary Scott and E.A. Rudy executed guaranty agreements in connection with the loan, making...

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