Blue Skies, Inc. v. Preece (In Re Preece)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
FEDERMAN, Bankruptcy Judge.
Debtor James Bruce Preece appeals from the Bankruptcy Court’s 1 Judgments that his debts to Ken Schoenfelder, Blue Skies, Inc., and Central Boiler, Inc. are nondischargeable under 11 U.S.C. § 523(a)(2)(A). For the reasons that follow, we affirm.
FACTUAL BACKGROUND
Introduction
Debtor Bruce Preece was the sole shareholder, director, and CEO of Helicopter Flight, Inc. (“HFI”), which had sold new and used helicopters, and was an author ized dealer of Robinson Helicopter Company’s helicopters. Plaintiffs Blue Skies, Inc., 2 and Central Boiler, Inc. 3 each gave funds to HFI…
2Cases cited9 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Field v. MansSupreme Court of the United States · 1995
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- Merchants National Bank of Winona v. Moen (In Re Moen)United States Bankruptcy Appellate Panel for the Eighth Circuit · 1999
- United States v. James B. Simmons, United States of America v. Charles H. BowersCourt of Appeals for the Eighth Circuit · 1992
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