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VIRGINIA BEACH FEDERAL SAV. AND LOAN ASS'N v. WOOD

Bankruptcy Nos. 87-C-364-E, 87-C-514-E.

97 B.R. 71 (1988)

VIRGINIA BEACH FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. Frank E. WOOD and Beverly J. Wood d/b/a Franklin Investments, Franklin Development Co., and Franklin Woodworks, Appellees. VIRGINIA BEACH FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. Frank E. WOOD, Beverly J. Wood, and the Unsecured Creditors Committee ("UCC"), Appellees.

United States District Court, N.D. Oklahoma.

February 18, 1988.

Attorney(s) appearing for the Case

Thomas E. English, Douglas S. Tripp, English, Jones & Faulkner, Tulsa, Okl., for debtors.

Jonathan H. Alden, Hall, Estill, Hardwick, Gable, Collingsworth & Nelson, Tulsa, Okl., for the Creditors Committee.

Andrew R. Turner, Tony M. Davis, Deirdre O. Dexter (Conner & Winters, of counsel), Tulsa, Okl., for Virginia Beach Federal Sav. & Loan Ass'n.

ORDER

ELLISON, District Judge.

Now before the Court is the appeal of Creditor Virginia Beach Federal Savings & Loan Association ("VBF") of the Order of the United States Bankruptcy Court for the Northern District of Oklahoma dated March 11, 1987, which found that VBF had no interest in the rents from its collateral after the filing of its Notice Under 11 U.S.C. § 546 of Claim to Cash Collateral on December 2, 1986.

The facts as stipulated...

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