In Re Gadberry

BASIL H. COUTRAKON, Bankruptcy Judge.

This action comes to the Court for a determination of the dischargeability of a debt due the Central National Bank of Mat-toon (the bank) by debtor Jack F. Gadberry pursuant to 11 U.S.C. § 523(a)(2)(B). (Count II of Complaint) * The Court encounters Dischargeability Complaints on false financial statements practically every week, but now directly faced with a specific challenge to its philosophy concerning renewals, welcomes the opportunity to speak.

The Court makes the following findings of fact. In January, 1980 the East Central Illinois Dairy Queen Co.,…