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IN RE RAYSON

Bankruptcy No. LA 82-15753-CA, Adv. No. LA 84-50195-CA.

39 B.R. 597 (1984)

In re Nolan James RAYSON, Debtor. SURETY COMPANY OF the PACIFIC, a California corporation, Plaintiff, v. Nolan J. RAYSON, et al., Defendants.

United States Bankruptcy Court, C.D. California.

May 22, 1984.

Attorney(s) appearing for the Case

Marcia R. Meoli, Los Angeles, Cal., Simon, McKinsey & Miller, Long Beach, Cal., for debtor Nolan James Rayson.

Jeffrey M. Hausman, Santa Monica, Cal., for plaintiff Surety Co. of the Pacific.

MEMORANDUM OF DECISION

CALVIN K. ASHLAND, Bankruptcy Judge.

FACTS

Nolan J. Rayson ("Rayson") is a licensed contractor. Rayson obtained a contractor's license bond, as required under California law, from Surety Company of the Pacific ("Surety"). Rayson signed an agreement to indemnify Surety for any claims made against the license bond.

Rayson was sued by a customer in California Superior Court for...

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