MATTER OF CHARFOOS

Bankruptcy No. 93-46530-S. Adv. No. 93-4915.

183 B.R. 131 (1994)

In the Matter of Lawrence S. CHARFOOS, Debtor. Paul L. TAI, Plaintiff, v. Lawrence S. CHARFOOS, Defendant.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

August 1, 1994.


Attorney(s) appearing for the Case

Ralph E. McDowell, Bodman, Longley & Dahling, Detroit, MI, for plaintiff.

Michael D. Finn, Farmington Hills, MI, for defendant.


OPINION

WALTER SHAPERO, Bankruptcy Judge.

Background and Facts

On or about April 10, 1987, Defendant guaranteed the payment of a note payable to Plaintiff executed by Gazelle International, Inc. ("Gazelle") in the amount of $100,000.00, and on or about April 15, 1987, Defendant similarly guaranteed a $50,000.00 note payable to Plaintiff by Gazelle. The principal of each note was due one (1) year from the date of its execution together with...

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