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UNITED STATES (SMALL BUSINESS ADMIN.) v. CORSINO

Civ. No. 83-0515 (JAF).

648 F.Supp. 454 (1986)

UNITED STATES of America (SMALL BUSINESS ADMINISTRATION), Plaintiff, v. Wilfredo CORSINO, also known as Wilfredo Corsino Melendez; Lydia Esther Pagan; Wilfredo Ramos Leduc; Felicita Prado Ojeda; Rafael Soler, Jr.; Awilda Soler; Jose Cruz Badia, and Gloria Cruz, Defendants.

United States District Court, D. Puerto Rico.

November 26, 1986.

Attorney(s) appearing for the Case

José M. Pizarro-Zayas, Asst. U.S. Atty. and Daniel F. López-Romo, U.S. Atty., San Juan, P.R., for plaintiff.

George López Keeler, and Miguel Giménz Muñoz, San Juan, P.R., for defendants.

OPINION AND ORDER

FUSTE, District Judge.

On November 13, 1975, defendants Wilfredo Corsino-Meléndez, Lydia Esther Pagán, Wilfredo Ramos-Leduc, and Felícita Prado-Ojeda, subscribed a promissory note payable to the bearer, with interest at the rate of 10¾ per cent per annum, guaranteed by a mortgage, for a loan of $50,000 payable to P.R. Bootstrap Corporation. The loan was granted by Banco Popular de Puerto Rico (Banco), and secured by...

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