Littell v. Stevenson (In re Littell)

MEMORANDUM OPINION

DAVID P. McDONALD, Bankruptcy Judge.

INTRODUCTION

On June 7, 1985, Plaintiffs, Chapter 11 debtors herein, filed their Complaint against Defendants, J.E. Stevenson, Jr. (“Stevenson”), Stevenson Investment Company (“Stevenson Investment”) and G. Cullen Dixon (“Dixon”) to recover sums allegedly due on a promissory note. On June 29, 1985, Defendants filed their Answer pleading release as their affirmative defense and on March 16, 1987, they moved for summary judgment. On April 10,1987, Plaintiffs filed their Affidavit and Memorandum in opposition to Defendants’ Motion For Summary…