In Re Barbara Seith v. Atlantic Financial Savings Bank

15 F.3d 1089 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re Barbara SEITH, Appellant, v. ATLANTIC FINANCIAL SAVINGS BANK, Appellee. No. 92-16257. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 14, 1993. Decided Jan. 5, 1994. Before: WALLACE, Chief Judge, GARTH * and WIGGINS, Circuit Judges. MEMORANDUM 1 Debtor Barbara Seith ("Seith") appeals from the imposition of sanctions against her pursuant to Bankruptcy Rule 9011. 1 We affirm. I. 2 In September 1985, Seith borrowed $750,000 from Atlantic Financial Savings Bank ("Atlantic") to refinance her residence in Los Gatos, California ("Property"). In exchange for the loan, Seith executed a promissory note secured by a first priority deed of trust on the Property. In July 1987, Seith defaulted on the note and Atlantic scheduled a foreclosure sale of the Property for February 5, 1988. 3 Seith filed suit against Atlantic in state court alleging violations of the Federal Truth in Lending Act and…