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IN RE ABRAMOFF

Bankruptcy No. 5-86-00173-A-11, Adv. No. 87-5290-A.

92 B.R. 698 (1988)

In re Efraim ABRAMOFF and Orah Abramoff, Debtors. Efraim ABRAMOFF and Orah Abramoff, Plaintiffs, v. LIFE INSURANCE COMPANY OF GEORGIA, Defendant.

United States Bankruptcy Court, W.D. Texas, San Antonio Division.

September 30, 1988.

Attorney(s) appearing for the Case

Patrick H. Autry, Matthews & Branscomb, San Antonio, Tex., for debtors/plaintiffs.

Ronald B. King, William B. Kingman, Foster, Lewis, Langley, Gardner & Banack, Inc., San Antonio, Tex., for defendant.

R. GLEN AYERS, Jr., Chief Judge.

I.

FACTS1

On November 22, 1982, Efraim Abramoff borrowed the sum of $2,970,000.00 as the permanent financing of an office building known at the time as Horizon Point Office Building. The loan called for an annual interest rate of 14 percent and a term of 30 years. The lender was Life Insurance Company of Georgia, which arranged the loan through its servicing agent, Mortgage and Trust...

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