- 28 U.S.C.
Wachovia Bank v. Carroll
Feb
10
2009
Ruling
Court voluntarily abstained from hearing severable state law dispute between debtor corporation vice president and bank over loan secured by corporate property.
Procedural posture
Plaintiff bank sued defendant vice president, company, and another entity in state court, seeking satisfaction of a personal loan that was owed by the vice president, but secured by the company's property. The bank removed the lawsuit to federal court pursuant to 28 U.S.C.S. §§ 1334(b), 1446, and 1452, and Fed. R. Bankr. P. 9027. The company moved to abstain or remand.
ABI Membership is required to access the full summary of Wachovia Bank v. Carroll Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: