Universal CIT Credit Corporation v. Woodmansee

This appeal presents a controversy as to whether a judgment recovered by appellant on a promissory note of appellee was discharged by his discharge in bankruptcy. The Chancellor held it was. Appellant insists it was not, because it was based on a note that was based on a liability that was not dischargeable in bankruptcy.

Appellant filed its bill October 22, 1959, in the Chancery Court of Shelby County, Tennessee, alleging appel-lee was indebted to it on his note dated August 15, 1955, for $4,970.00, with interest and attorney’s fees, exhibiting the note, which stated: “For value received, I…