In Re Nixon
United States Bankruptcy Court, E.D. Pennsylvania
1Opinion of the Court
Memorandum Opinion
DIANE WEISS SIGMUND, Bankruptcy Judge.
Before the Court is the Objection of the debtor Brian J. Nixon (“Debtor”) to the secured proof of claim in the amount of $322,471.85 filed by Michael T. Foster (“Foster”). For the reasons that follow, the Objection shall be sustained in part.
BACKGROUND
The relevant facts are undisputed. On or about December 27, 1994, the Debtor obtained a Business Loan from Quaker-town National Bank (the “Bank”) in the principal amount of $215,000. In conjunction with that loan the Debtor signed a Promissory Note (Exhibit F — 1), Business Loan Agreement…
2Cases cited16 opinions
- Commonwealth v. TuretskySuperior Court of Pennsylvania · 2007
- In Re Herbert L. HOLM, Debtor. Alan WRIGHT, Creditor-Appellee, v. Herbert L. HOLM, Debtor-AppellantCourt of Appeals for the Ninth Circuit · 1991
- LaRocca EstateSupreme Court of Pennsylvania · 1968
- Catherine M. Loughner v. The University Of PittsburghCourt of Appeals for the Third Circuit · 2001
- Crawford Central School District v. CommonwealthSupreme Court of Pennsylvania · 2005
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3Cited by5 opinions
- In Re South Canaan Cellular Investments, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 2010
- Simkus v. Cavalry Portfolio Services, LLCDistrict Court, N.D. Illinois · 2014
- 400 Walnut Associates, L.P. v. 4th Walnut Associates, L.P. (In Re 400 Walnut Associates, L.P.)United States Bankruptcy Court, E.D. Pennsylvania · 2011
- In re ParreiraUnited States Bankruptcy Court, E.D. California · 2012
- In re 400 Walnut Associates, L.P.District Court, E.D. Pennsylvania · 2012