Blackwell v. Dabney

CHAPMAN, Circuit Judge:

This appeal presents the question whether debtor John Thomas Blackwell should be granted a discharge in bankruptcy for the amount of certain loans made to the corporation, Studio-1 International Productions, Inc. (Studio-1). Blackwell, who served as president of Studio-1, concedes personal liability for these loans because he had guaranteed repayment of the loans. The district court agreed with the bankruptcy court that the debts were not dischargeable because Blackwell obtained the money by false representations. We reverse because 11 U.S.C. § 523(a)(2)(A)…