Sloan v. Allen (In re Allen)

MEMORANDUM DECISION

S. Martin Teel, Jr., United States Bankruptcy Judge

This adversary proceeding grows out of a debt owed by the defendant, Carlos Allen (“Allen”), to the plaintiff, Douglass Sloan, and Karen James, by reason of a Promissory Note with Equity Interest Conversion Feature (the “Shan Note"), executed by Allen on July 23, 2008. At the time the Note was executed, Douglass Sloan and Karen James were not yet married. However, they later married and Karen James has taken Douglass Sloan’s last name, so I will refer to her as Karen Sloan. For simplicity, I will on occasion refer to…