First Pennsylvania Bank v. Clearview Assocs., Inc.

KELTON, ].,

The principal issue in this case is whether in proceedings to open judgment, defendant, a debtor on a judgment note given as collateral security for a line of bank credit, may assert a setoff against the creditor bank.

By the order which follows, we grant the petition of Clearview Associates, Inc. (Clearview to open a judgment entered by confession against it on a “one day after date” note in the face amount of $125,000.

Also for the equitable grounds which are explained below we believe that we should grant the petition of Clearview to stay execution on its real estate. See Pa.…