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U.S. ON BEHALF OF SMALL BUSINESS v. ANDRESEN

Civ. A. No. 82-0178-H.

583 F.Supp. 1084 (1984)

UNITED STATES of America, on Behalf of the SMALL BUSINESS ADMINISTRATION, Plaintiff, v. Arvid R. ANDRESEN and Margaret M. Andresen and William Maynard Southard and Jean Southard, Defendants.

United States District Court, W.D. Virginia, Harrisonburg Division.

April 16, 1984.

Attorney(s) appearing for the Case

Jennie Montgomery, Asst. U.S. Atty., Roanoke, Va., for plaintiff.

William E. Shmidheiser, III, Wharton, Aldhizer & Weaver, Harrisonburg, Va., for defendants.

MEMORANDUM OPINION

MICHAEL, District Judge.

The United States, on behalf of the Small Business Administration ("SBA"), filed this suit to recover on the defendants' guaranty of a loan, now in default, assigned to the SBA by the original lender, Planters Bank of Bridgewater, Virginia. Two of the four guarantors, William Maynard Southard and his wife Jean, have paid over to the SBA the deficiency remaining after the SBA foreclosed upon the collateral securing...

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