MGM represented the mortgagee in this case. This case concerned the efforts of a mortgagee to collect in state court the amounts due from the personal guarantors of the loan after the property was sold during the mortgagor’s bankruptcy proceeding. The Kentucky Court of Appeals found that the fact that the personal guarantors were not listed as creditors in the mortgagor’s bankruptcy proceeding did not preclude the mortgagee from collecting the deficiency amounts due from them.
Bankruptcy/personal guarantee/collection/debt
