Legal Opinion

Chrysler Credit Corp. v. Ruwart (In Re Ruwart)

District Court, D. Colorado

Decided May 31, 1990No. 88-K-1472, Bankruptcy No. 87 B 12833 J, Adv. No. 88 E 329PublishedCited by 2 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

KANE, Senior District Judgé.

The issue in this appeal is whether two creditors of the debtor actually and reason ably relied on financial statements supplied by the debtor in extending credit to him. The creditors, the Chrysler Credit Corporation and the American Motors Leasing Corporation, contend that the bankruptcy court erred in determining that they had not actually and reasonably relied on the statements in granting a directed verdict for the debtor, Charles H. Ruwart, Jr., in the creditors’ adversary action under 11 U.S.C. § 523(a)(2)(B). I affirm.

I. Facts.

Cha…

2Cases cited12 opinions

Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
In Re Gerald T. BLACK and Denise B. Black, Debtors. Garth L. DRIGGS, Plaintiff-Appellant, v. Gerald T. BLACK, Defendant-AppelleeCourt of Appeals for the Tenth Circuit · 1986
In Re Michael Duane Mullet, Debtor. First Bank of Colorado Springs, a State Banking Corporation v. Michael Duane MulletCourt of Appeals for the First Circuit · 1987
Forrestine D. Lemaire, by and Through Her Conservator, Howard C. Lemaire, and Howard C. Lemaire v. United StatesCourt of Appeals for the Tenth Circuit · 1987
Heinold Commodities & Securities, Inc. v. Hunt (In Re Hunt)District Court, M.D. Tennessee · 1983

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3Cited by2 opinions

Gehlhausen v. Olinger (In Re Olinger)United States Bankruptcy Court, S.D. Indiana · 1993
American General Financial Services v. Leavitt (In Re Leavitt)United States Bankruptcy Court, W.D. Missouri · 2008