UNITED STATES v. CRISPEN

No. 84 C 10581.

622 F.Supp. 75 (1985)

UNITED STATES of America, Plaintiff, v. Ray CRISPEN, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

October 2, 1985.


Attorney(s) appearing for the Case

Anton R. Valukas, U.S. Atty., Elizabeth Stein, Asst. U.S. Atty., Chicago, Ill., for plaintiff.

Mark L. Prager, John L. Hines, Jr., Schwartz, Cooper, Kolb & Gaynor Chtd., Chicago, Ill., for defendants.


MEMORANDUM OPINION AND ORDER

ROVNER, District Judge.

On April 7, 1980, Crispen, Inc. borrowed the sum of $167,000 from First National Bank and Trust Company of Evanston which subsequently assigned the loan to the Small Business Administration ("SBA"), as part of the Loan Guaranty Program. Ray G. Crispen and Joanne Crispen (the "Crispens") executed an SBA form guaranty and a mortgage on their home. A note evidencing the indebtedness was also signed on behalf...

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