IN RE KARCREDIT, L.L.C.

Case Number: 20-30681 Adversary Proceeding Case No. 20AP-03011.

630 B.R. 14 (2021)

IN RE: KARCREDIT, L.L.C., Debtor. Cross Keys Bank, Plaintiff v. Ronnie D. Ward, et al, Defendants.

United States Bankruptcy Court, W.D. Louisiana, Monroe Division.

Signed June 1, 2021.


Attorney(s) appearing for the Case

Patrick L. McCune , Wiener, Weiss, & Madison, Baton Rouge, LA, Seth Moyers , R. Joseph Naus , Wiener, Weiss & Madison, Shreveport, LA, for Plaintiff.

James A. Rountree , Rountree Law Office, Monroe, LA, for Defendants.


Memorandum Ruling

This case involves the double-pledging of collateral. In a double-pledge scheme, a borrower or guarantor pledges the same collateral to different lenders. For the scheme to work, the lenders must be unaware that the same collateral is being used to...

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