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MARTINEZ v. FEDERAL DEPOSIT INS. CORP

No. 86-37.

503 So.2d 401 (1987)

Erasmo MARTINEZ, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, As Liquidator of Sunshine State Bank, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied March 31, 1987.

Attorney(s) appearing for the Case

Stuart J. Edelman, Coral Gables, for appellant.

Stuzin and Camner, P.A., and Juan A. Gonzalez and Richard Burnstein, Miami, for appellee.

Before NESBITT, BASKIN and JORGENSON, JJ.

PER CURIAM.

We reverse and remand the order denying the appellant Martinez's motion to vacate the default judgment entered against him as the guarantor of corporate debts. The issue of the corporations' defaults and other issues of the corporations' liability have not yet been decided. It appears from the record that another, related action involving the corporate debtors was proceeding in the bankruptcy court and led Martinez into the false belief that his interests...

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