- 11 U.S.C.
In re Peterson
Apr
10
2009
Ruling
Personal guarantees of leases were valid and not affected by bankruptcy of lessor or state court judgment in lessor's favor.
Procedural posture
The creditor, a lessor and successor in interest to two personal guarantees executed by the debtor in relation to two personal property leases for equipment placed in a pharmacy, filed a proof of claim in the amount of $ 275,462.87. The debtor-guarantor filed an objection to the claim pursuant to 11 U.S.C.S. § 502(b)(1) and Fed. R. Bankr. P. 3007(a).
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Court
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