District Court, S.D. Mississippi January 5, 1978, Civ. A. No. J76-305(C) (Gilbert v. First National Bank)

WILLIAM HAROLD COX, District Judge.

This controversy involves the propriety and legality of the action of the First National Bank in applying certain fund as a set off against a secured debt of the bankrupts to the bank. Charles E. Duran was the owner of several different corporations, including Char-Mac Enterprises, Inc.