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IN RE CRAIG

Bankruptcy No. 1-79-01522, Adversary Proceeding No. 1-79-0169.

7 B.R. 864 (1980)

In re Fred W. CRAIG, Martha L. Craig, Debtors. Fred W. CRAIG, Martha L. Craig, Plaintiffs, v. BARCLAYS AMERICAN FINANCIAL, INC., Defendant.

United States Bankruptcy Court, E.D. Tennessee.

December 29, 1980.

Attorney(s) appearing for the Case

Edwin M. Riddle, Southeast Tennessee Legal Services, Cleveland, Tenn., for plaintiffs.

John Edgar Brown, III, Cleveland, Tenn., for defendant.

RALPH H. KELLEY, Bankruptcy Judge.

The debtors brought this suit against the defendants, Barclays, to recover the statutory damages for failure to make disclosures required by the Truth-in-Lending Act and the regulations thereunder — specifically 15 U.S.C. § 1601 et seq. and Regulation Z, 12 C.F.R. § 226. The damages allowed by the statute are twice the finance charge. 15 U.S.C. § 1640(a). The debtors...

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