Legal Opinion

Stuart, L.L.C. v. First Mount Vernon Industrial Loan Ass'n (In Re Peramco International, Inc.)

District Court, E.D. Virginia

Decided January 4, 2000No. Civ.A. 99-1085-A. Bankruptcy No. 97-13216-MVB. Adversary No. 98-1078PublishedCited by 2 opinions

1Opinion of the Court

MEMORANDUM OPINION

BRINKEMA, District Judge.

Before us is an appeal from the bankruptcy court. The tortured history of this nine year litigation centers on two individual debtors and a corporation. Tom and Tooran Shadmand, the individual debtors, are husband and wife and the sole shareholders of Peramco International, Inc. (“Peramco”). The Shadmands and Peram-co, in turn, are the sole shareholders of Shadmand Enterprises, Inc.

In 1986, the Shadmands and Peramco borrowed $250,000 from McLean Bank. The loan was evidenced by a promissory note signed by both the Shadmands and Peramco on October 10,…

2Cases cited10 opinions

  1. REPUBLIC SUPPLY CO., Plaintiff-Appellee, v. Joseph SHOAF, Defendant-AppellantCourt of Appeals for the Fifth Circuit · 1987
  2. Cen-Pen Corporation v. Walter E. Hanson Loraine P. HansonCourt of Appeals for the Fourth Circuit · 1995
  3. In the Matter of Continental Vending MacHine Corp. And Continental Apco, Inc., Debtors. James Talcott, Inc. v. Irving L. Wharton, TrusteeCourt of Appeals for the Second Circuit · 1975
  4. In Re: Murray L. Deutchman, Debtor. Murray L. Deutchman, Debtor-Appellant v. Internal RevenueCourt of Appeals for the Fourth Circuit · 1999
  5. Spartan Mills v. Bank of America IllinoisCourt of Appeals for the Fourth Circuit · 1997

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3Cited by2 opinions

  1. In Re ThomasUnited States Bankruptcy Court, E.D. Virginia · 2001
  2. In re City Loft Hotel, LLCUnited States Bankruptcy Court, D. South Carolina · 2012

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