Household Finance Corp. v. Danns

LUMBARD, Circuit Judge:

Household Finance Corporation appeals from a January 17, 1977 decision by Judge Neaher in the Eastern District which affirmed an order by Bankruptcy Judge Párente granting judgment against Keith Danns, the bankrupt, for only a portion of his debt to HFC. Appellant maintains that a false financial statement submitted by a debtor in renewing a loan renders his entire debt nondischargeable under section 17 a(2) of the Bankruptcy Act, 11 U.S.C. § 35(a)(2). We conclude that discharge should be barred only as to that portion of the loan regarding which the misrepresentation…