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IN RE WRIGHT

Bankruptcy No. 99-45391S. Adversary No. 00-4090.

266 B.R. 848 (2001)

In re Lee WRIGHT and Hurmer Wright. Lee Wright and Hurmer Wright, Plaintiffs, v. Gulf Insurance Co., Defendant.

United States Bankruptcy Court, E.D. Arkansas, Little Rock Division.

July 17, 2001.

Attorney(s) appearing for the Case

Jesse Thompson, Conway, AR, for debtors.

Junius Bracy Cross, Little Rock, AR, for defendant.

Richard Ramsay, Little Rock, AR, Chapter 13 Trustee.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

MARY DAVIES SCOTT, Bankruptcy Judge.

In 1991, Lee and Hurmer Wright began operating a contracting business, H.L. Wright Contractors, Inc. In 1995, H.L. Wright Contractors obtained three separate construction jobs and, as required under those contracts, obtained payment and performance bonds for the contracts from Gulf Insurance Company. The indemnity agreement signed...

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