Olympic Coast Investment, Inc. v. Wright (In Re Wright)

FINDINGS OF FACT, CONCLUSIONS OF LAW, and ORDER

JOHN L. PETERSON, Bankruptcy Judge.

Defendants Lawrence and Ann Marie Wright (“Wrights”) filed a voluntary Chapter 11 bankruptcy petition on December 17, 1999. On April 11, 2000, Plaintiff Olympic Coast Investment, Inc. (“Olympic”) filed an adversary complaint against the Wrights seeking declaratory judgment under 28 U.S.C. § 2201 and F.R.B.P. 7001(9) that three promissory notes executed and delivered by the Wrights to Olympic are wholly valid, enforceable and unaffected by usury or fraud and that the Wrights are liable on all amounts accrued and…