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LAUSIER v. GOODWIN

Bankruptcy No. 180-00065, Adv. No. 180-0069.

7 B.R. 476 (1980)

In re Daniel R. LAUSIER and Linda A. Lausier, Debtors/Plaintiffs, v. Thomas L. GOODWIN, Trustee, and Madawaska Federal Credit Union, Defendants.

United States Bankruptcy Court, D. Maine.

December 11, 1980.

Attorney(s) appearing for the Case

Alfred E. LaBonty, Jr., Madawaska, Me., for debtors/plaintiffs.

Thomas L. Goodwin, Trustee, Houlton, Me., pro se.

L. James Lavertu, Madawaska, Me., for defendant Madawaska Federal Credit Union.

MEMORANDUM OPINION

CONRAD K. CYR, Bankruptcy Judge.

On October 3, 1978, debtors borrowed $18,939.28 from Madawaska Federal Credit Union [credit union], contemporaneously executing a promissory note, a first real estate mortgage covering a lot of land [Crestwood Avenue lot],1 and a security agreement granting a purchase-money security interest in a 1978 Young American mobile home in favor of the credit union. The debtors insist...

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