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IN RE METZ

Bankruptcy Nos. 75-491(12), 75-492(11).

1 B.R. 226 (1979)

In re James Kenward METZ, Yvonne Radford Metz, Debtors. James Kenward METZ, Yvonne Radford Metz, Plaintiffs, v. FIRST REALTY MORTGAGE CORPORATION c/o William W. Terry, III, Esq., Defendant.

United States Bankruptcy Court, W.D. Virginia.

August 22, 1979.

Attorney(s) appearing for the Case

David R. Nichols, Roanoke, Va., for debtors.

William W. Terry, III, Richmond, Va., for defendant.

MEMORANDUM OPINION AND ORDER

H. CLYDE PEARSON, Bankruptcy Judge.

The issue to be resolved is whether or not late charges and prepayment penalties are allowable in these proceedings.

On April 11, 1975, Plaintiffs filed petition in this Court seeking an Arrangement with their creditors pursuant to Chapter XI of the Bankruptcy Act. James K. Metz, a practicing dentist in the City of Roanoke, had ventured into real estate investments with sundry...

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