Trust Co. Bank of Cobb County v. Ricketts (In Re Ricketts)

ORDER

HUGH ROBINSON, Bankruptcy Judge.

This is before us on Trust Company Bank of Cobb County’s (“Trust Company”) complaint objecting to dischargeability of debt. A hearing was held on January 15, 1981, after which the Court took the case under advisement. Having considered the evidence and legal arguments by counsel, the court now makes the following decision.

FACTS

In April of 1978, Richard Paul Ricketts (“Ricketts”), a partner in a business known as R & S Motors, executed a promissory note in favor of Trust Company, using the funds obtained thereby to purchase a boat, motor and trailer…