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IN RE PENN HOOK COAL CO., INC.

Bankruptcy No. 7-81-00247-B, Adv. No. 7-85-0001.

68 B.R. 804 (1987)

In re PENN HOOK COAL CO., INC., Debtor. CREDIT ALLIANCE CORPORATION, Plaintiff, v. PENN HOOK COAL CO., et al., Defendants.

United States Bankruptcy Court, W.D. Virginia, Big Stone Gap Division.

January 7, 1987.

Attorney(s) appearing for the Case

Wolfe & Farmer, Norton, Va., for debtor/defendant and for defendant Malcolm C. Williams.

Cynthia D. Kinser, Pennington Gap, Va., for defendant Gary L. Williams.

White, Elliott and Bundy, Bristol, Va., and Corneal L. Domeck, Ill, Credit Alliance Corp., Louisville, Ky., for plaintiff.

MEMORANDUM OPINION

H. CLYDE PEARSON, Chief Judge.

The issue before the Court is the liability of the Debtor and two guarantors for the deficiency balance claimed by the Plaintiff from the sale of collateral.

The following facts appear from the evidence. On February 22, 1980, the Debtor, Penn Hook Coal Company, Inc. ("Penn Hook"), entered into a contract with Croushorn Equipment Company, Inc. of Harlan, Kentucky, for the purchase of a John Deere Model...

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