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ROACH v. FIRST NAT. BANK OF ANCHORAGE

No. 4845.

636 P.2d 608 (1981)

Hillard T. ROACH and Equestrian Acres Development Corporation, Appellants, v. The FIRST NATIONAL BANK OF ANCHORAGE and Alaska Title Guaranty Company, Appellees.

Supreme Court of Alaska.

November 20, 1981.

Attorney(s) appearing for the Case

A. Lee Petersen, A. Lee Petersen, Inc., Anchorage, for appellants.

John R. Beard, Anchorage, for appellees.

Before RABINOWITZ, C.J., CONNOR, BURKE and MATTHEWS, JJ., and DIMOND, Senior Justice.

OPINION

RABINOWITZ, Chief Justice.

In this appeal we are confronted with a novel question: whether the superior court was divested of jurisdiction to enter summary judgment against appellants Hillard Roach and Equestrian Acres by virtue of their filing, in federal district court, Chapter XI reorganization petitions under the federal bankruptcy laws.

Between October 1976 and April 1977, the First National Bank of Anchorage loaned Roach a total of...

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