Chrysler First Business Credit Corp. v. Rotenberg

MEMORANDUM AND ORDER

COHN, District Judge.

I

This is an action by plaintiff, Chrysler First Business Credit Corp. (Chrysler), to recover on a promissory note and guaranty executed by defendant, Gary A. Rotenberg (Rotenberg). On July 23, 1991, this Court entered judgment in favor of Chrysler for $160,775.22. To obtain payment of the judgment, Chrysler filed a garnishment on garnishee defendant, John Hancock Mutual Life Insurance Co. (John Hancock), seeking to obtain the cash value of three life insurance policies issued by John Hancock and owned by Rotenberg.1 John Hancock declined to pay over…