Legal Opinion

Northern Trust Co. v. Garman

Court of Appeals for the Seventh Circuit

Decided April 29, 1980No. 79-1631PublishedCited by 30 opinions

1Opinion of the Court

PELL, Circuit Judge.

Section 17(a)(2) of the Bankruptcy Act of 1938, 11 U.S.C. § 35(a)(2) (1960), provides that an individual’s debt shall not be discharged in bankruptcy if that debt or its renewal is the result of money obtained “in reliance [by the creditor] upon a materially false statement in writing respecting [the debtor’s] financial condition made or published . . . with intent to deceive . .’’ This appeal calls upon us to decide, inter alia, whether non-discharge-ability is appropriate only where the creditor’s reliance under § 17(a)(2) is “reasonable.”

Ben F. Garman, the bankrupt, a…

2Cases cited15 opinions

  1. Williams v. United States Fidelity & Guaranty Co.Supreme Court of the United States · 1915
  2. Bruning v. United StatesSupreme Court of the United States · 1964
  3. United States v. SoteloSupreme Court of the United States · 1978
  4. Sweet v. Ritter Finance CompanyDistrict Court, W.D. Virginia · 1967
  5. In Re Giuseppe Matera, Bankrupt. Peter Carini v. Giuseppe MateraCourt of Appeals for the Seventh Circuit · 1979

10 more not listed; retrieve them via the Exa API.

3Cited by30 opinions

  1. In the Matter of John E. Mayer and Deborah Mayer, Debtors-Appellants v. Spanel International Ltd. And Bank One-Rockford, N.A., Creditors-AppelleesCourt of Appeals for the Seventh Circuit · 1995
  2. Banner Oil Co. v. Bryson (In Re Bryson)United States Bankruptcy Court, N.D. Illinois · 1995
  3. Leeb v. Guy (In Re Guy)United States Bankruptcy Court, N.D. Indiana · 1988
  4. In Re Orrin C. Kreps, Jr. And Margaret W. Kreps, Debtors. First National Bank of Lansing v. Orrin C. Kreps, Jr. And Margaret W. KrepsCourt of Appeals for the First Circuit · 1983
  5. McMillan v. Firestone (In Re Firestone)United States Bankruptcy Court, S.D. Florida. · 1982

25 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API