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IN RE BOROFF

Civ. No. 2:95-CV-220.

189 B.R. 53 (1995)

In re Arthur L. and Lynne BOROFF.

United States District Court, D. Vermont.

November 29, 1995.

Attorney(s) appearing for the Case

John J. Kennelly, Rutland, VT.

Christopher O. Reis, Bethel, VT.

Kevin J. Purcell, Office of U.S. Trustee, Albany, NY.

RULING ON BANKRUPTCY APPEAL

(Paper 3)

MURTHA, Chief Judge.

The instant dispute arises from the bankruptcy of debtors Arthur L. and Lynne Boroff. For the reasons set forth below, judgment of the Bankruptcy Court is AFFIRMED.

I. BACKGROUND

Debtors Arthur L. and Lynne Boroff borrowed money from Vermont National Bank (hereinafter "VNB") under two separate notes. The first loan was secured by a mortgage on debtors' 400...

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