PNL, Texas, L.P. v. Passalacqua

Plaintiff PNL, Texas, L.P. (“PNL”) requests the court to vacate a stay of proceedings ordered on Februaiy 10, 1998 by the court (Neel, J.). Defendants oppose PNL’s motion and move to dissolve a real estate attachment allowed by the court on Februaiy 9, 1998 (Zobel, J.).

On November 30, 1988, Richard Passalacqua executed a promissory note in favor of Boston Trade Bank3 in the amount of $76,000 (“Note”). Defendants each signed as guarantors of the Note. Richard Passalacqua defaulted on the Note and, on August 1, 1997, filed a voluntary Chapter 13 petition under 11 U.S.C. §1301, in the United…