Daniel Ricca and Georgina Ricca

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF PENNSYLVANIA IN RE: : Chapter 7 : DANIEL AND GEORGINA RICCA, : : Bky. No. 18-17880 PMM Debtors. : : O P I N I O N I. INTRODUCTION Prior to filing for chapter 7 bankruptcy protection, Debtors Daniel and Georgina Ricca (the “Debtors”)1 financed various business ventures by borrowing money from D&P Private Lending, LLC (“D&P”). The Debtors defaulted on these loans, which resulted in a consensual modification of the lending agreements between the Debtors and D&P. A key component of the modification – and the heart of the controversy before the…