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IN RE SKINNER

Civil Action No. 96-0124-H.

202 B.R. 867 (1996)

In re Edgar S. SKINNER, Debtor. Edgar S. SKINNER, Debtor-Appellant, and Roy W. Wolfe, III, Trustee, v. SMALL BUSINESS ADMINISTRATION, Appellee.

United States District Court, W.D. Virginia, Harrisonburg Division.

November 21, 1996.

Attorney(s) appearing for the Case

Gary Michael Bowman, Roanoke, VA, for Debtor-Appellant.

Roy Vergil Wolfe, III, Trustee, Julias, Blatt & Wolfe, P.C., Harrisonburg, VA, for Appellee.

MEMORANDUM OPINION

MICHAEL, Senior District Judge.

The debtor in this case, Edgar S. Skinner, started a recreation business, Arena Sports, Inc. ("Arena Sports"), which failed. He obtained financing from First American Bank of Virginia ("First American"), which was secured by a Deed of Trust on the debtor's home and the debtor's business premises. The Small Business Administration ("SBA") guaranteed the financing; its guaranty was also secured by a...

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