When Jay and Geri Sobarnia filed for bankruptcy in 1980, they owned a $550,000 house, a couple of small businesses, and two apartment houses, and their monthly payments were current on the $1,670,000 they owed ...
The bankruptcy judge who had heard the case (whose brother was a vice president in the loan department at the Sobarnias’ largest creditor, Central Federal Savings) and generally ruled against them later took a job with the law firm that had represented the Sobarnias.
Posted May 12, 1988
Stories this photo appears in:
Central Federal and a seedy tale of San Diego bankruptcy court