Legal Opinion

Staten Island Savings Bank v. Scarpinito (In Re Scarpinito)

United States Bankruptcy Court, E.D. New York

Decided June 3, 1996No. 1-19-40824PublishedCited by 15 opinions

1Opinion of the Court

DECISION ON EXCEPTION TO DIS-CHARGEABILITY AND REVOCATION OF DISCHARGE

JEROME FELLER, Bankruptcy Judge.

Before the court is a bitterly contested adversary proceeding between implacable foes of long standing, a bumbling bank and a cunningly devious entrepreneur, Joseph Scarpinito. At the core of this dispute is a $1.4 million loan by the plaintiff, Gateway State Bank, to Mr. Scarpinito under what may be viewed in hindsight as ominous circumstances. 1 Mr. Scarpinito, after first obtaining an extension of its due date, defaulted on the loan less than two years after its procurement. The Bank, in…

2Cases cited30 opinions

  1. Grogan v. GarnerSupreme Court of the United States · 1991
  2. Baxter v. PalmigianoSupreme Court of the United States · 1976
  3. Field v. MansSupreme Court of the United States · 1995
  4. In the Matter of Missionary Baptist Foundation of America, Inc., Debtors. Robert B. Wilson, Trustee v. Robert G. HuffmanCourt of Appeals for the Fifth Circuit · 1983
  5. Waterbury Community Federal Credit Union v. Magnusson (In Re Magnusson)United States Bankruptcy Court, N.D. New York · 1981

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3Cited by15 opinions

  1. In Re Harmony Holdings, LLCUnited States Bankruptcy Court, D. South Carolina · 2008
  2. Krol v. Wilcek (In Re H. King & Associates)United States Bankruptcy Court, N.D. Illinois · 2003
  3. Savage & Associates, P.C. Ex Rel. Teligent, Inc. v. MandlUnited States Bankruptcy Court, S.D. New York · 2008
  4. Insouth Bank v. Michael (In Re Michael)United States Bankruptcy Court, W.D. Tennessee · 2001
  5. Humphreys v. Stedham (In Re Stedham)United States Bankruptcy Court, W.D. Tennessee · 2005

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