Ouhrabka was the owner of a jewelry store in Rhode Island
RBS Citizens, N.A. = Citizens Bank = a bank that loaned Ouhrabka's company more than $15 million
In August 2006, Ouhrabka signed a personal guarantee with Citizens Banks ("Citizens") whereby he became personally responsible for 1/2 million dollars of the debt
Later on, Ouhrabka accepted personal liability for all of the jewelry company's debt
Ouhrabka submitted a financial statement to Citizens listing his house that he co-owned with his wife as tenants by the entirety
Ouhrabka's house with his wife was worth $1/4 million at the time
The jewelry store was placed into receivership.
Procedural History
Citizens Bank sued Ouhrabka in a Vermont state court seeking to recover an estimated $10 million.
