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UNITED STATES v. WHITEHOUSE PLASTICS

No. 73-3610.

501 F.2d 692 (1974)

UNITED STATES of America, Plaintiff-Appellee, v. WHITEHOUSE PLASTICS d/b/a Aladdin Amusement Products et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied October 30, 1974.

Attorney(s) appearing for the Case

Henry O. Getchell, John W. McMackin, Fort Worth, Tex., for defendants-appellants.

Frank D. McCown, U. S. Atty., William L. Johnson, Jr., Asst. U. S. Atty., Fort Worth, Tex., for plaintiff-appellee.

John B. Garrett, Forth Worth, Tex., for Whitehouse.

Sam J. Day, Fort Worth, Tex., for Weiner.

Before BROWN, Chief Judge, and GODBOLD and RONEY, Circuit Judges.

GODBOLD, Circuit Judge:

This action arises from an effort by the Small Business Administration, appellee, to collect under guaranty agreements signed by E. L. Baker, Jr., and Henry Simon, Jr., appellants, in connection with a 1970 loan of $200,000 to Whitehouse Plastics Corporation. Whitehouse defaulted, and SBA foreclosed and sold at public auction the personal property securing the Whitehouse note. Then SBA brought this suit seeking to establish a deficiency judgment...

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