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IN RE WRIGHT

Civ. A. Nos. 91-4474, 91-4477.

133 B.R. 704 (1991)

In re Mary and Herbert WRIGHT. Mary and Herbert WRIGHT v. MID-PENN CONSUMER DISCOUNT COMPANY.

United States District Court, E.D. Pennsylvania.

November 21, 1991.

Attorney(s) appearing for the Case

David A. Searles, Philadelphia, Pa., for Mary and Herbert Wright.

Arthur J. Matusow, Philadelphia, Pa., for Mid-Penn Consumer Discount Co.

Edward Sparkman, trustee.

RAYMOND J. BRODERICK, District Judge.

This is an appeal from the bankruptcy court in a truth-in-lending matter. For the reasons set forth below, this Court will affirm the determination of the bankruptcy court rescinding the 1989 loan transaction between lender Mid-Penn and debtors Mary and Herbert Wright and awarding to the Wrights statutory penalities of $1,000 plus reasonable attorneys' fees for Mid-Penn's failure to honor the Wrights' valid rescission of that...

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