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IN RE KLEIN

Bankruptcy No. 80-01727G, Adv. No. 81-0443G.

20 B.R. 119 (1982)

In re Donald R. KLEIN and Alice M. Klein, Debtors. The BRYN MAWR TRUST COMPANY, Plaintiff, v. Donald R. KLEIN and Alice M. Klein, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

May 14, 1982.

Attorney(s) appearing for the Case

William M. Shields, Monteverde, Hemphill, Maschmeyer & Obert, Philadelphia, Pa., for plaintiff, The Bryn Mawr Trust Co.

Brad Wertheimer, Solomon, Berschler & Kahn, Norristown, Pa., for debtors/defendants, Donald R. Klein and Alice M. Klein.

Leonard P. Goldberger, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., trustee.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge:

The issue presented herein is whether the debt owed by the debtors to the bank is nondischargeable pursuant to § 523(a)(2)(B) of the Bankruptcy Code ("the Code") as a debt for obtaining money by the use of a materially false statement in writing about the debtors' financial condition on which the bank reasonably relied and which the debtors made with the intent to deceive. We conclude that the debt in...

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