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U.S. v. ARSENAULT

No. 88-CV-307.

735 F.Supp. 490 (1990)

UNITED STATES of America, Plaintiff, v. John F. ARSENAULT and David J. Chrisler, Defendants.

United States District Court, N.D. New York.

May 14, 1990.

Attorney(s) appearing for the Case

Frederick J. Scullin, Jr., U.S. Atty., N.D. N.Y., Albany, N.Y., and Ann Teeter, Special Asst. U.S. Atty., Elmira, N.Y., for plaintiff.

James C. Collins, Binghamton, N.Y., for defendants.

MEMORANDUM-DECISION-ORDER

McAVOY, District Judge.

Facts

This action is brought by the United States of America on behalf of the SBA for a money judgment on a defaulted loan made to the defendants, John F. Arsenault and David J. Chrisler. On December 28, 1984, defendants had purchased from the SBA the restaurant facility known as the "Red Caboose" in Vestal, New York. The purchase price was $285,000.00, $28,500.00 of which was paid down,...

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