DECISION ON MOTION TO DISMISS COMPLAINT
EDWARD J. RYAN, Bankruptcy Judge.
The bankrupt, Yvonne Henry, borrowed $4,500 from Chemical Bank with repayment guaranteed by the New York State Higher Education Services Corporation (hereinafter NYSHESC). The bankrupt graduated in May of 1976 and on December 12, 1977, she executed a promissory note to repay Chemical Bank the $4,500 in installments beginning April 1, 1978. She defaulted on the note whereupon NYSHESC...
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