Kraft, LLC v. Greiner (In Re Kraft, LLC)

MEMORANDUM OF DECISION

J. PHILIP KLINGEBERGER, Bankruptcy Judge.

This contested matter/adversary proceeding arises from a complaint filed on April 11, 2008, by Kraft, LLC, against Charles R. Greiner, Dennis Churilla, Jeffrey D. Greiner, Louis Gerodemos, Mary Louise Sarey, Robert Heikema, Terry R. Schrefler and Brenda L. Van Zuidam (the “Investors”). On September 7, 1999, Kraft Funeral Services and Crematory, Inc. (“Kraft Funeral”) entered into promissory notes with the eight individual Investors, each in the amount of $50,000 (the “Notes”). In order to secure the foregoing Notes, on April 7,…