IN RE ADU-KOFI

Bankruptcy No. 8800363.

94 B.R. 14 (1988)

In re John and Lena ADU-KOFI, Debtors.

United States Bankruptcy Court, D. Rhode Island.

December 8, 1988.


Attorney(s) appearing for the Case

Douglas H. Smith, Providence, R.I., for debtors.

Michael A. DeSisto, Rossi, Kelaghan & De Sisto, Providence, R.I., for Colonial Sav. & Loan Ass'n.


DECISION

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

The issue before the Court was raised at a pretrial conference held on October 13, 1988. The controversy involves the enforceability of the prepayment provision contained in the debtors' promissory note with Colonial Bank. After hearing the respective positions of the parties, counsel were requested to submit memoranda on the limited issue of whether Colonial's decision to accelerate, once made, was irrevocable...

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