From our private database of 14,100+ case briefs...
Credit Alliance Corp. v. Williams
United States Court of Appeals for the Fourth Circuit
851 F.2d 119 (1988)
In February 1980, Penn Hook Coal Co. (Penn Hook) bought a John Deere wheel loader from Croushorn Equipment Co. (Croushorn) pursuant to a three-year note. The note was assigned by Croushorn to Credit Alliance Corp. (plaintiff), which received guarantees of payment by Gary Williams (defendant) and Malcolm Williams. Penn Hook defaulted on the note. In January 1981, Credit Alliance sued Penn Hook, Gary Williams, and Malcolm Williams in a New York court. None of the defendants responded to the summons and complaint. In March 1981, Penn Hook filed a Chapter 11 bankruptcy petition in a Virginia court. In April 1981, the New York court entered a default judgment in the amount of $62,866.70 against Penn Hook and the guarantors. In October 1984, Credit Alliance commenced garnishment proceedings in Virginia against Penn Hook and Gary and Malcolm Williams. The bankruptcy court held that the automatic stay voided Credit Alliance’s default judgment as to Penn Hook and both guarantors. The district court reversed as to the guarantors, concluding that the judgment was neither voided nor stayed as to those individuals. Gary Williams appealed.
Rule of Law
Holding and Reasoning (Wilkinson, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 220,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.