MEMORANDUM AND ORDER ON SANCTIONS UNDER RULE 9011(a) F.R.BANKR.P.
ALAN H.W. SHIFF, Bankruptcy Judge.
BACKGROUND
Putnam Trust Company of Greenwich holds promissory notes in the amounts of $150,000.00 and $30,000.00 which are secured by mortgages on the debtor's residence. After the debtor defaulted on payment obligations, Putnam Trust commenced a foreclosure proceeding in state court and, on or about January 23, 1989, obtained a judgment of strict...
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