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IN RE SEQUOIA VILLAGE, LLC

Bankruptcy Case No. 11-64880-fra11, Adversary Proceeding No. 11-06220-fra.

In re: SEQUOIA VILLAGE, LLC, Debtor. SOUTH VALLEY BANK & TRUST, Plaintiff, v. SEQUOIA VILLAGE, LLC, et al., Defendants.

United States Bankruptcy Court, D. Oregon.

February 14, 2012.

MEMORANDUM OPINION

FRANK R. ALLEY, III, Chief Bankruptcy Judge.

BACKGROUND

Plaintiff South Valley Bank & Trust (SVBT) filed a complaint against Debtor Sequoia Village, LLC and fifteen other non-debtor defendants in the Circuit Court for Josephine County on February 22, 2011. The complaint contains the following claims: 1) Breach of a Promissory Note — against Sequoia Village only, 2) Foreclosure of HVB Deed of Trust — against...

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