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BANK OF NEW ENGLAND, N.A. v. KLEIN

Civ. A. No. H-85-6261.

86 B.R. 897 (1988)

BANK OF NEW ENGLAND, N.A., Plaintiff, v. Michael KLEIN, Defendant.

United States District Court, S.D. Texas, Houston Division.

June 8, 1988.

Attorney(s) appearing for the Case

Karl G. Dial, Dallas, Tex., for plaintiff.

Kaaran E. Thomas, Houston, Tex., for defendant.

MEMORANDUM ON SUMMARY JUDGMENT

HUGHES, District Judge.

The Bank of New England sued Michael Klein to enforce his guaranty of its loan to Aerospace Technologies, Inc. The year after Klein became a surety for Aerospace, it filed for protection under Chapter 11 of the Bankruptcy Act. The parties have both moved for summary judgment on Klein's liability for the bank's unpaid post-petition loans to the debtor-in-possession and the reorganized debtor corporation...

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