Legal Opinion
Sovran Bank, N.A. v. Allen (In Re Allen)
District Court, E.D. Virginia
Decided August 7, 1986No. 85-777-NPublishedCited by 21 opinions
1Opinion of the Court
MEMORANDUM OPINION
WALTER E. HOFFMAN, Senior District Judge.
Sovran Bank, N.A. (“Sovran”), appeals from the Bankruptcy Court’s order dismiss ing its complaint and holding the $35,681.81 debt of Raymond L. and Elaine M. Allen (“debtors” or “the Allens”) dischargeable within the terms of 11 U.S.C. section 523(a)(2)(B). The Bankruptcy Court’s opinion rested on its finding that Sovran did not reasonably rely on the Allens’ concededly false financial statement. For the reasons stated below, the decision of the Bankruptcy Court is reversed and the case is remanded for further proceedings.
I. BACKGROUND
2Cases cited38 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Inwood Laboratories, Inc. v. Ives Laboratories, Inc.Supreme Court of the United States · 1982
- Baumgartner v. United StatesSupreme Court of the United States · 1944
- Bruning v. United StatesSupreme Court of the United States · 1964
33 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- In the Matter of Rodney Dale Coston and Billie Katherine Coston, Debtors. Rodney Dale Coston and Billie Katherine Coston v. Bank of MalvernCourt of Appeals for the Fifth Circuit · 1993
- Gertsch v. Johnson & Johnson, Finance Corp. (In Re Gertsch)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1999
- At&T Universal Card Services v. MercerCourt of Appeals for the Fifth Circuit · 2001
- In the Matter of Dale Leonard MARTIN, Debtor. FIRST NATIONAL BANK LaGRANGE, Appellant, v. Dale Leonard MARTIN, AppelleeCourt of Appeals for the First Circuit · 1992
- Household Finance Corp. v. Howard (In Re Howard)United States Bankruptcy Court, N.D. Indiana · 1987
16 more not listed; retrieve them via the Exa API.