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STUDENT LOAN MARKETING ASS'N v. LIPMAN

No. 94-1903.

45 F.3d 173 (1995)

STUDENT LOAN MARKETING ASSOCIATION, as assignee of Valley National Bank, Plaintiff-Appellant, v. Frederick S. LIPMAN, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 10, 1995.

Attorney(s) appearing for the Case

Robert A. Perkins, Paul S. Turner (argued), McCullough, Campell & Lane, Lawrence M. Liebman, Eddy & Liebman, Jeffrey S. Firestone, Chicago, IL, for plaintiff-appellant.

Frederick S. Lipman, pro se.

Before EASTERBROOK, MANION, and ROVNER, Circuit Judges.

ILANA DIAMOND ROVNER, Circuit Judge.

When Frederick Lipman failed to make any payments on seven medical school loans, the Student Loan Marketing Association ("SLMA") filed this diversity action in federal court. Although served with process, Lipman never appeared before the trial court, and on December 26, 1991, that court entered a default judgment in the amount of $75,676.20, "plus interest at the statutory rate." (R. 15.) The case then lay dormant until August...

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