Hill v. General Finance Corp.

Deen, Presiding Judge.

The appellants Hill borrowed money from General Finance Corp. on October 17, 1972, giving a note with acceleration clause and personal property as security. On August 20,1973, while the note was unpaid, they entered a voluntary bankruptcy proceeding under Chapter XIII which is still unresolved, and General Finance filed a proof of claim therein. In 1977 they filed the present action against General Finance, which is licensed under the Industrial Loan Act, and Georgia Consumer Finance Association, Inc., which is not, alleging that the loan agreement and others like it are…