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TD Bank v. Sewall

In an action filed against defendant guarantors, plaintiff creditor sought a declaratory judgment as to the validity and enforceability of guaranty agreements and an order requiring the sale of stock that the guarantors pledged as collateral. Before the court was the guarantors' motion to transfer the proceeding to the Bankruptcy Court for the District of Maine pursuant to 28 U.S.C.S. § 157(a) and D. Me. R. 83.6.
Declaratory judgment action that could result in increased funds for the estate transferred to bankruptcy court.
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Commercial case opionion summary, case decided on November 20,2009, LexisNexis #1209-096