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IN RE CHASEY

Bankruptcy No. 80-21519.

16 B.R. 347 (1982)

In re Karl D. CHASEY, Debtor.

United States Bankruptcy Court, W.D. New York.

January 5, 1982.

Attorney(s) appearing for the Case

David MacKnight, Rochester, N.Y., for trustee.

J. Michael Jones, Geneseo, N.Y., for Gail Chasey.

Gary Lucas, Odessa, N.Y., for Agriculver, Inc.

MEMORANDUM AND DECISION

EDWARD D. HAYES, Bankruptcy Judge.

The debtor, Karl Chasey, was individually indebted to the Bank of Castile in the approximate sum of $65,000. Gail Chasey, debtor's former wife, guaranteed his loans up to the sum of $50,000. As security for the payment of Karl's debts, both Gail and Karl mortgaged their interests in their marital residence to the Bank. The Bank also held, as security for Karl's debts, an assignment of Dreyfus Investment...

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