Court of Appeals for the First Circuit October 20, 1989, 88-3885 (Glen D. Newman, Mary Lynn Newman v. First Security Bank of Bozeman)

DAVID R. THOMPSON, Circuit Judge:

Glen D. Newman and Mary Lynn Newman borrowed money from First Security Bank of Bozeman to buy a grocery store. To secure repayment of the loan, they granted the Bank a security interest in the store’s assets and gave the Bank a mortgage on their home. The grocery business failed and the Newmans filed for protection under Chapter 7 of the Bankruptcy Act.