v. Regions Bank et al
AGREED ORDER to distribute funds from registry of Bankruptcy Court; further noting the agreement of all parties, the court hereby orders all but $0.34 of the money held in the registry, i.e. $112,310.34 to be paid from the registry of the B ankruptcy Court to Regions, who shall then administer said funds as required by the terms of the trust. Signed by Honorable Robert T. Dawson on September 2, 2011. (cc: Office of U.S. Trustee, Cheryl A. Reagan c/o Joan Mawn and Lyle Foster - Regions Bank Trustee)(rw) Modified on 9/2/2011 to add text(rw).
Wnsrnnn DrsrRrcr on AnxaNSAS
FREDERICK S. WETZEL,III, Trusteeand
G. LATTA BACHELOR,III, succes$or
PersonalRepresentativeof the ESTATE OF
RONALD E. REAGAN, Deceased,
REGIONS BANK, N-A. and
CHBRYL A. REAGAN, Debtor,
TO DISTRIBUTE FUNDS FROM REGISTRY OF BANKRUPTCY COURT
This casecame to this court on an appealfrom the decisionof the bankruptcy
court in an adversary
proceedingstyled RegionsBank v. wetzel,et al., USBC Ap No.
(Bankr.W.D.Ark,).In a memorandurn
opinionfiled April 15,2010,this
court affirmed the decision of the bankruptcycourt, a decision which was recently
affirmedby a panelof the Eighth circuit court of Appealson August l z, 201I .r
Part and parcel of the advisoryproceeding
was the questionof what to do with
trust income during the pendencyof the litigation. The bankruptcycourt
directed that trust income be paid into the registry of the bankruptcy court, then later
ordered the funds returned to the trustee of the trust in question, Regions Bank
and the Intervenor
filed their respective
noticesof appealseparatelyBachelor v. Regions, a/., No. t0-2 I l7 and Wetzel v. Regions, al., No
("Regions"). This Court later approveda compromiseproposal wherein a stay was
effectedwherein funds paid into the registryof the bankruptcycourt by Regionsup to a
certaindatewould remainthereuntil all appeals
were concluded prospective
from the trust in questionwould be paid by Regionsto the incomebeneficiary.IDOC #
Thecase themerits been
concluded theCourt Appeals.
Ms. Dee Dee Morehead of the Bankruptcy Court Clerk's office in Little Rock, the
registrybalanceas of August 24,2011, is $112,310.68, centsof which shouldbe
retained the clerk's office.
Noting the agreement all parties,the Court herebyordersall but $0.34 of the
moneyheldin the registry, $l12,310.34 be paidfrom the registry thebankruptcy
coutt to Regions,who shall then administersaid funds as requiredby the terms of the
IT IS SO ORDERED.
,_ ^ug TRre eor.rRT
sEP 2 20tl
/s/ GuvW. Murphv.Jr.
200N. State Suite
/s/ RoeerD. Rowe
Lax & Vaughn
Little Rock,AR 7L2tz
Attv. for Mr, Bachelor
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