Federal Deposit Ins. Corp. v. Hudson

MEMORANDUM AND ORDER

SAFFELS, District Judge.

In this case, plaintiff Federal Deposit Insurance Corporation (“FDIC”), as receiver for the Barnard State Bank of Barnard, Kansas, seeks to recover on a $245,000 promissory note which is now in default. On August 3, 1990, this court entered a default judgment against the debtor on the note, Universal Barge & Salvage Company (“UBS”). On January 15, 1991, the FDIC’s claims against the above-named defendants were tried to the court. Plaintiff seeks recovery of the principal balance and accrued interest on the promissory note from Thom Hudson under the…