Kacher v. Pittsburgh National Bank

On October 13, 1969 Frank Kacher, a dentist, borrowed $20,625 from the Pittsburgh National Bank to purchase dental equipment. Kacher executed a judgment note for that sum and a chattel mortgage giving the bank a security interest in the dental equipment and a Porsche automobile. On June 9, 1969 the Supreme Court *848decided Sniadach v. Family Finance Corp., 395 U.S. 337, 89 S.Ct. 1820, 23 L.Ed.2d 349 (1969), holding that the notice and hearing requirements of Schroeder v. New York, 371 U.S. 208, 83 S.Ct. 279, 9 L.Ed.2d 255 (1962) and Mullane v. Central Hanover Trust Co., 339 U.S. 306, 70 S.Ct.…