Legal Opinion
In re Lange
District Court, D. Rhode Island
Decided July 11, 1989No. Bankruptcy No. 8910058PublishedCited by 1 opinion
1Opinion of the Court
DECISION AND ORDER DENYING SETOFF AND DENYING REQUEST FOR SANCTIONS
ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.
Heard on June 1, 1989, on the debtors’ objection to Park Square Credit Union’s *296(“Park Square”) proof of claim. The issue before the Court is whether the single fact that the debtor, Raymond Lange, is named as a joint depositor on the account in question entitles Park Square to “freeze” that account and to claim a setoff, pursuant to § 553. The relevant facts are as follows: On June 10,1988, the debtors were granted a loan in the amount of $2,000 from Park Square, evidenced by a…
2Cases cited5 opinions
- In Re WildeUnited States Bankruptcy Court, D. New Mexico · 1988
- Bridgeport Co. v. United States Postal ServiceUnited States Bankruptcy Court, E.D. Arkansas · 1984
- Westerly Community Credit Union v. Industrial National Bank of ProvidenceSupreme Court of Rhode Island · 1968
- Alexander & Jones v. Nat Warren Contracting Co. (In re Nat Warren Contracting Co.)District Court, E.D. Virginia · 1989
- Andrews v. NCNB National Bank of Florida (In Re Andrews)United States Bankruptcy Court, S.D. Florida. · 1983
3Cited by1 opinion
- In Re FlynnUnited States Bankruptcy Court, D. Rhode Island · 1992