National Acceptance Co. of California v. Levin
District Court, D. Arizona
1Opinion of the Court
ORDER
CARROLL, District Judge.
On October 17, 1985 plaintiff National Acceptance Company of California (NACC) entered into a loan and security agreement with Lake Shore Equipment, Inc., a Delaware corporation doing business in Arizona. On the same date NACC obtained from Leonard and Myra Levin, husband and wife, a guaranty for Lake Shore’s obligation to NACC.
On February 25, 1987, Lake Shore commenced Chapter 11 proceedings in the bankruptcy court, Tucson, Arizona. On March 19, 1987, NACC filed a suit in the Maricopa County Superior Court against the Levins, seeking to enforce the guaranty. On…
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