UNITED STATES v. QUIÑONES

Civ. No. 82-2159 GG.

36 B.R. 77 (1983)

UNITED STATES of America (Small Business Administration), Plaintiff, v. Angel L. Vazquez QUIÑONES, et al., Defendants.

United States District Court, D. Puerto Rico.

December 29, 1983.


Attorney(s) appearing for the Case

Daniel F. Lopez Romo, U.S. Atty., Hato Rey, P.R., for plaintiff.

Rexach & Picó, Hato Rey, P.R., for defendants.


OPINION AND ORDER

GIERBOLINI, District Judge.

The facts of this case were stipulated. On May 9, 1975 defendants and Cristalería Aerco, Inc. (Cristalería) executed a promissory note in exchange of a $86,000 loan by the Development Bank of Puerto Rico. The note was secured by a duly recorded first mortgage over certain real property belonging to defendants. Cristalería and defendants have failed to make their monthly payments since November...

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