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IN RE BARRETT

Bankruptcy Nos. 78-828 to 78-830.

2 B.R. 296 (1980)

In re Paul L. BARRETT and Catherine A. Barrett, Individually and Jointly, Bankrupts. BENEFICIAL CONSUMER DISCOUNT COMPANY OF LANCASTER, PENNSYLVANIA, Plaintiff, v. Paul L. BARRETT and Catherine A. Barrett, Individually and Jointly, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

January 23, 1980.

Attorney(s) appearing for the Case

H. Joseph Flynn, Lancaster, Pa., for bankrupts.

J. Richard Gray, Lancaster, Pa., for Beneficial Consumer.

Michael J. Rostolsky, Lancaster, Pa., trustee.

Jacques H. Geisenberger, Jr., Lancaster, Pa., for trustee.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

The proceedings before this Court concern the dischargeability of a certain debt based upon a loan allegedly made in reliance upon a false financial statement.1

In June, 1976, defendant-bankrupts borrowed $3,500 from plaintiff, Beneficial Consumer Discount Company ("Beneficial"). On April 25, 1977, the bankrupts applied to Beneficial...

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