First National Bank v. Clancy

MEMORANDUM OPINION AND ORDER

WILLIAM E. DOYLE, District Judge.

James Kendall Clancy filed a voluntary petition in bankruptcy on March 10, 1967. Objections to the bankrupt’s discharge were filed by The First National Bank of Colorado Springs on the ground that the bankrupt had obtained a business loan from the bank by making a materially false financial statement within the terms of Section 14c(3) of the Bankruptcy Act.1 Referee Matsch overruled this objection in an opinion and order dated December 19, 1967. The case is before the Court on the bank’s petition for review.

The facts in this case…