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JUNGKURTH v. EASTERN FINANCIAL SERVICES, INC.

Civ. A. No. 87-5888.

87 B.R. 333 (1988)

JUNGKURTH, Rhoda, Gruber, Joyce v. EASTERN FINANCIAL SERVICES, INC.

United States District Court, E.D. Pennsylvania.

June 15, 1988.

Attorney(s) appearing for the Case

Henry J. Somer, Philadelphia, Pa., for plaintiffs.

Leonard Spear, Samule L. Spear, Philadelphia, Pa., for defendant.

Edward Sparkman, Philadelphia, Pa., Chapter 13 standing trustee.

MEMORANDUM

CLIFFORD SCOTT GREEN, District Judge.

In February, 1986, plaintiffs, Joyce Gruber, her partner, Rosemary Smosmy, and defendant, Eastern Financial Services, Inc., ("Eastern"), entered into a transaction, whereby Gruber and Smosmy obtained a loan from Eastern to purchase and operate a lunch truck business. As security for this loan, Eastern took mortgages against the residences of Gruber and her mother, Rhoda Jungkurth, who acted as surety for the...

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