Caillouet v. First Bank (In Re Entringer Bakeries, Inc.)

ORDER AND REASONS

STANWOOD R. DUVAL, JR., District Judge.

Before the Court is an Appeal and Cross-Appeal from bankruptcy court heard pursuant to the Court’s authority over bankruptcy appellate proceedings under 28 U.S.C. § 158(a). After reviewing the record, pleadings, memoranda, and relevant law, the Court hereby affirms the decision of the bankruptcy court.

I. BACKGROUND

A. Facts

The Bankruptcy Judge summarized the relevant facts as follows:

On September 29, 2000, the Debtor borrowed $180,000 from the Defendant as evidenced by a promissory note of even date (“the First Note”). The Debt- or has no…