In Re Lorraine J. Spackler, Debtor. Lorraine J. Spackler v. Boatmen's National Bank of St. Louis, James S. Cole, Trustee

Lorraine Spackler brought this action to determine the extent of her liability to Boatmen’s National Bank of St. Louis on a $300,-000 guaranty agreement signed by her and her husband, Donald. The Bank combined the $300,000 line of credit with an additional $50,000, later lent to her husband, into one $350,000 note. Spackler claimed that by combining the notes, the bank had materially altered the guaranty agreement and thereby released her from liability under the guaranty. The Bankruptcy Court 1 found for the Bank and held Spackler liable for $300,000. The District Court 2 agreed, and…