Bluestone v. General Electric Credit Corp. of Tennessee

Appellant estate appeals as of right from the probate court’s order directing it to pay six claims arising from the decedent’s personal guarantees of the obligations of his recently bank*662rupt Southfield restaurant, Bagel Nosh of Michigan.

During the spring of 1977, decedent and other officers of Bagel Nosh arranged various loans and equipment leases for the purpose of opening the local restaurant. In return, the officers, including the decedent, agreed personally to guarantee certain of Bagel Nosh’s obligations. Soon after the restaurant opened in July, 1977, it had become delinquent in its…