Reserve Loan Co. v. Confer

38 Pa. D. & C.2d 451, 1965 Pa. Dist. & Cnty. Dec. LEXIS 86
CourtPennsylvania Court of Common Pleas, Warren County
DecidedJune 7, 1965
Docketno. 27
StatusPublished

This text of 38 Pa. D. & C.2d 451 (Reserve Loan Co. v. Confer) is published on Counsel Stack Legal Research, covering Pennsylvania Court of Common Pleas, Warren County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Reserve Loan Co. v. Confer, 38 Pa. D. & C.2d 451, 1965 Pa. Dist. & Cnty. Dec. LEXIS 86 (Pa. Super. Ct. 1965).

Opinion

Flick, P. J.,

Before the court is the petition of Rex P. Confer and Myrtle Confer, husband and wife, to open a judgment entered against them at August term, 1963, no. 27 in favor of Reserve Loan ■Company of Warren, and to let them into a defense.

On presentation of the petition, a rule was granted with stay of execution on the judgment. No answer was filed by Reserve Loan Company of Warren, but at the hearing on the petition testimony was given on behalf of said company, and certain exhibits were placed in evidence. It did not appear that any conflict of fact exists, and the issue is solely a question of law.

The legal arguments and briefs of counsel have been considered with the authorities cited; the record has been reviewed in the light of applicable law, and the matter will now be determined. The proven facts are as follows:

1. On December 7, 1961, Rex P. Confer and Myrtle Confer signed a judgment note for $600, payable to .Reserve Loan Company of Warren in 24 monthly pay[452]*452ments commencing January 7, 1962. This note contained the usual provision of confession of judgment.

2. On April 23, 1962, Rex P. Confer, whose real name is Raughland Perry Confer, filed a petition in bankruptcy. Included in the schedule of his creditors whose claims are unsecured is the Reserve Loan Company of Warren, his debt to which is shown as a loan made December 7, 1961, with balance due of $556.11.

3. On April 16, 1963, the referee in bankruptcy made a final order, based on the final report and account to the trustee in bankruptcy, Robert L. Wolfe, Esq., who testified at the hearing, allowing a dividend of 5.2048 percent on all unsecured claims. On the claim of Reserve Loan Company of Warren in the amount of $556.11, the order shows an award of $28.94.

4. An order of discharge of Rex P. Confer, adjudged a bankrupt, was signed and entered by the referee in bankruptcy on April 16, 1963, at no. 62-140 in the United States District Court for the Western District of Pennsylvania.

5. On May 2, 1963, judgment in favor of Reserve Loan Company of Warren and against Rex P. Confer and Myrtle Confer was entered by confession on the note referred to in paragraph 1 above, at August term, 1963, no. 27.

6. Counsel for Reserve Loan Company of Warren filed a praecipe for a writ of execution, issued at November term, 1963, E. D. No. 9 and the sheriff levied upon real estate in Pleasant Township, Warren County, owned by Rex P. Confer and Myrtle Confer as tenants by the entireties.

7. Petition to open the judgment was then filed, and a rule granted which provided for stay of all proceedings. The petition recites the identity of the parties, the bankruptcy of Rex P. Confer and his discharge on April 16,1963, the fact that his obligation on the judgment note was a valid unsecured claim against his [453]*453estate, and that the trustee in bankruptcy paid the creditor the sum of $28.94, in full payment and satisfaction of the debt. Petitioner also recites the confession of the judgment at August term, 1963, no. C. D. 27 and the levy made by the sheriff on premises owned by Rex P. Confer and Myrtle Confer as tenants by the entireties. At the hearing, counsel for the Confers argued that the distribution in bankruptcy amounted to full payment and satisfaction of the debt secured by the judgment note, and, therefore, execution could not be levied for collection of the same.

Under the foregoing facts, the question before the court is this: Did the bankruptcy of Rex P. Confer discharge the obligation incurred by him and his wife when they signed the judgment note to secure a loan from Reserve Loan Company of Warren? This question does not seem to have been answered by an appellate court in Pennsylvania; nor does research disclose lower court decisions with conflicting answers, but a case was decided by the Court of Common Pleas of Erie County in 4962 which is exactly in point. This is the case of The Bank of Erie v. LaJohn, 27 D.&C. 2d 705 (1962), with a thorough, extensive and very able opinion by Judge Laub.

In the LaJohn case, as in the instant case, the husband and wife borrowed money from the bank and executed a judgment note to secure the loan (actually there were two notes in the LaJohn case). Approximately five and one-half months after the creation of the second note, the husband was adjudicated a bankrupt. The wife was not involved in her husband’s bankruptcy proceeding and had not been adjudicated a bankrupt herself. ¡Promptly after the adjudication, the bank confessed judgment on the notes, and later a writ of execution was issued directing the sale of real estate held by defendants as tenants in the entireties. After receiving the final discharge in bankruptcy, the hus[454]*454band petitioned to open the judgments, on the ground that the bankruptcy discharge released him from liability and that the notes no longer represented a valid indebtedness against him. A rule to show cause was entered and proceedings were stayed meanwhile.

Before discussing the law applicable to the facts of the case, Judge Laub made the following statement, which applies exactly to the instant case:

“The difficulty may be succinctly stated as follows: Where a husband and wife enter into the execution of a judgment note as a common obligation and thereafter the husband becomes bankrupt and is discharged in bankruptcy proceedings but the wife has not become bankrupt and is not so discharged, may the obligee of the judgment note enter it in judgment against both obligors and thereafter successfully maintain the judgment’s integrity? The answer depends, we think, upon the nature of the obligation and whether the bankruptcy court had jurisdiction to discharge it”.

Judge Laub then analyzed the theory and jurisdiction of bankruptcy proceedings to determine whether, apart from the husband’s individual liability, the debt was one which falls within their compass. He noted the obvious fact that in this Commonwealth, where entireties estates are fully recognized, the husband could not subject to bankruptcy administration any entire-ties property held by himself and his wife. See sec. 70(a) of the Bankruptcy Act of July 1, 1898, as amended, 11 U.S.C.A. §110(a). He noted the equally obvious fact that the bankrupt could not have transferred any interest which he had in the entireties property within six months after bankruptcy, or at any other times while the entireties estate remained intact, because of the well-established nature of a tenancy by entireties in Pennsylvania. After citing and quoting the following cases, C.I.T. Corporation v. Flint, 333 Pa. 350; Lunnen v. Hunter, 348 Pa. 402; Gallagher [455]*455Estate, 352 Pa. 476; and Meyer’s Estate (No. 1), 232 Pa. 89, Judge Laub said, pages 708-09:

“It is clear, therefore, that the bankruptcy court could not force defendants’ entireties property into the bankrupt’s estate for distribution among the husband’s creditors, but this is only a halfway station in the road to a solution of the entire problem. Conceding that the trustee could not take possession of the entire-ties property of defendants, what can be said of the debts themselves? Were the debts discharged notwithstanding the entireties property could not be made to apply to them? The answer to these inquiries must be found in the nature of the debts which defendants created”.

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Related

Swope v. Turner
163 A.2d 714 (Superior Court of Pennsylvania, 1960)
First Nat. Bank of Goodland v. Pothuisje
25 N.E.2d 436 (Indiana Supreme Court, 1940)
Gallagher Estate
43 A.2d 132 (Supreme Court of Pennsylvania, 1945)
Lunnen v. Hunter
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C. I. T. Corporation v. Flint
5 A.2d 126 (Supreme Court of Pennsylvania, 1939)
Meyer's Estate
81 A. 145 (Supreme Court of Pennsylvania, 1911)

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38 Pa. D. & C.2d 451, 1965 Pa. Dist. & Cnty. Dec. LEXIS 86, Counsel Stack Legal Research, https://law.counselstack.com/opinion/reserve-loan-co-v-confer-pactcomplwarren-1965.