Minnesota Small Loan Co. v. Wright (In Re Wright)

MEMORANDUM AND ORDER

WM. B. WASHABAUGH, Jr., Bankruptcy Judge,

Exhibits attached to the plaintiff’s complaint for determination that the $1,100.00 balance of a loan for $1,200.00 it granted the debtors to refinance and consolidate an earlier loan with an advance of “new money” of about $200.00 indicate that the debtors had made payments regularly on prior loans renewed six or seven times before the instant loan. The only relevant facts on which the parties disagreed at the hearing were whether the advance of so-called new money plaintiff advanced in addition to retaining the balance of the last…