Baxsto, LLC, IFTK Holdings, LLC, Ashley Baxter Stout and John Cole Stout v. Diversified Lenders, Inc.

In The
Court of Appeals
Seventh District of Texas at Amarillo

No. 07-25-00241-CV

BAXSTO, LLC, IFTK HOLDINGS, LLC, ASHLEY BAXTER STOUT,
AND JOHN COLE STOUT, APPELLANTS

V.

DIVERSIFIED LENDERS, INC., APPELLEE

On Appeal from the 237th District Court
Lubbock County, Texas
Trial Court No. DC-2025-CV-0060-A, Honorable Les Hatch, Presiding

August 25, 2025
ORDER OF ABATEMENT
Before PARKER and DOSS and YARBROUGH, JJ.

Appellants, Baxsto, LLC, IFTK Holdings, LLC, Ashley Baxter Stout, and John Cole

Stout, appeal from the trial court’s Default Judgment. Appellants have notified the Court

that Baxsto, LLC filed a bankruptcy petition on August 21, 2025, in the United States

Bankruptcy Court for the Western District of Texas, case number 25-11291-smr. See

TEX. R. APP. P. 8.1.
Consequently, pursuant to Rule of Appellate Procedure 8.2, we abate the appeal

and suspend all appellate deadlines until further order of this Court. The parties may file

a motion to reinstate or sever the appeal if permitted by federal law or the bankruptcy

court. See TEX. R. APP. P. 8.3. The parties shall promptly inform this Court of the

resolution of the bankruptcy proceeding or any other event authorizing reinstatement of

the appeal.

It is so ordered.

Per Curiam

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