Tajalli v. Gharibi

NEY, Judge.

Debtors, Albrick and Hamrick Gharibi, appeal the trial court’s judgment of a deficiency on a promissory note to creditor, Hamidreza Tajalli, and dismissal of their counterclaims. Creditor cross-appeals the award of only 8 percent interest on his judgment and the award of only $1000 in attorney fees. We affirm in part and reverse in part and remand to the trial court.

The debtors bought a fast food business from the creditor and signed a promissory note, secured by equipment, for a portion of the purchase price. The debtors subsequently defaulted in their payments on the note. When…