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FIRST CREDIT CORP. v. WELLNITZ

21 Wis.2d 18 (1963)

FIRST CREDIT CORPORATION, Appellant, v. WELLNITZ, Respondent.

Supreme Court of Wisconsin.

October 1, 1963.

Attorney(s) appearing for the Case

For the appellant there was a brief by Whyte, Hirschboeck, Minahan, Harding & Harland, attorneys, and Herbert C. Hirschboeck and Alfred A. Heon of counsel, all of Milwaukee, and oral argument by Mr. Heon.

No brief or appearance for the respondent.

GORDON, J.

The trial court, in reliance upon Household Finance Corp. v. Christian (1959), 8 Wis.2d 53, 98 N.W.2d 390, held that one who obtains an extension of credit by means of a materially false financial statement and who thereafter receives a discharge in bankruptcy remains legally responsible only for the new portion of the debt, i.e., that portion of the total debt...

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