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IN RE FIGGE

Bankruptcy No. LA 85-07193-LF, Adv. No. 85-2416-LF.

94 B.R. 654 (1988)

In re Frederik A. FIGGE and Kirsten A. Figge, Debtors. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Indian Springs State Bank, Plaintiff, v. Frederik A. FIGGE and Kirsten A. Figge, Defendants.

United States Bankruptcy Court, C.D. California.

October 31, 1988.

Attorney(s) appearing for the Case

Kathleen L. Wood, Newport Beach, Cal., Michael C. Manning, Morrison, Hecker, Curtis, Kuder & Parrish, Washington, D.C., Michael A. Rump, Morrison, Hecker, Curtis Kuder & Parrish, Overland Park, Kan., for plaintiff.

Steven M. Dickson, Dickson & Pope, P.A., Kansas City, Mo.

Craig Lytle, Hermosa Beach, Cal., Steven M. Dickson, Dickson & Pope, Kansas City, Mo., for debtors.

MEMORANDUM OF DECISION

LISA HILL FENNING, Bankruptcy Judge.

Introduction

Frederik and Kirsten Figge, the debtors in this chapter 7 case, owe Indian Springs State Bank ("ISSB") $200,000.00 plus interest on account of two personal loans made to them by ISSB in 1982. The Federal Deposit Insurance Corporation ("FDIC") is now the receiver for ISSB, which was declared insolvent in 1984. The FDIC filed a timely complaint to determine that the Figges...

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