Guaranty Bank & Trust Co. of Alexandria v. C & R Development Co.

HOOD, Judge.

This is a suit on a promissory note. It was instituted by Guaranty Bank & Trust Company of Alexandria, Louisiana, against C & R Development Co., Inc., and Robert E. Clark. Clark made no appearance and a default judgment was rendered against him. C & R Development Company answered and filed a reconventional demand for judgment against the Guaranty Bank for $13,256.35. The bank then filed a third party demand against Clark, seeking a judgment against him for any sum which it might be condemned to pay to the Development Company.

C & R Development Company instituted bankruptcy…