Waterbury Connecticut Teachers Federal Credit Union v. Ciampi (In Re Ciampi)

MEMORANDUM OF OPINION AND ORDER ON COMPLAINT TO DETERMINE DISCHARGEABILITY OF DEBT 11 U.S.C. § 523(a)(2)(B)

ALAN H. W. SHIFF, Bankruptcy Judge.

I

Background and Findings

The plaintiff in this adversary proceeding seeks the determination that a debt of the defendant is non-dischargeable under 11 U.S.C. § 523(a)(2)(B). 1

After analyzing the evidence adduced at the trial and assessing the credibility of the witnesses, the court finds the facts of record as follows:

1. On April 24, 1981, the defendant, a teacher in the Waterbury, Connecticut public school system, sought a loan in the amount of…