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U.S. ON BEHALF OF SMALL BUSINESS ADMIN. v. EDWARDS

No. 1:CV-90-0383.

765 F.Supp. 1215 (1991)

UNITED STATES of America, on Behalf of its Agency, the SMALL BUSINESS ADMINISTRATION, Plaintiff, v. Delores EDWARDS, et al., Defendants, Counterclaim Plaintiffs and Third Party Plaintiffs, v. UNITED STATES of America, Counterclaim Defendant. PIONEER NATIONAL BANK f/n/a/ First National Bank of Carbondale, Third Party Defendant and Counterclaim Plaintiff, v. Delores EDWARDS, et al., Counterclaim Defendants.

United States District Court, M.D. Pennsylvania.

May 21, 1991.

Attorney(s) appearing for the Case

Joseph J. Terz, Asst. U.S. Atty., Harrisburg, Pa., for plaintiff and counterclaim defendant.

Gregory J. Pascale, Needle & Goldenziel, Scranton, Pa., for third party defendant and counterclaim plaintiff.

Irwin Schneider, O'Malley, Harris & Schneider, P.C., Scranton, Pa., for defendants.

MEMORANDUM

McCLURE, District Judge.

I. BACKGROUND

This action arises out of a Note, mortgage and personal guaranties related to a loan made in February 1973 by the Small Business Administration ("SBA") and the First National Bank of Carbondale to R & D Investments Inc. d/b/a Edwards Brothers Packing Co. ("Edwards Brothers") in the amount of six hundred and fifty thousand dollars. On February 23, 1990 the United States initiated an action on...

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