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IN RE STEWART

Bankruptcy No. 3-81-00094, Adv. No. 3-81-0603.

19 B.R. 165 (1982)

In re Bill J. STEWART, Debtor. UNITED SECURITY BANK, Plaintiff, v. Bill J. STEWART, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

February 3, 1982.

Attorney(s) appearing for the Case

Leonard & McRee, Thomas M. Johnson, Bristol, Tenn., for plaintiff.

Waddy, Blankenship & May, Michael May, Kingsport, Tenn., for defendant.

MEMORANDUM OPINION

CLIVE W. BARE, Bankruptcy Judge.

This adversary proceeding involves the dischargeability of debts. 11 U.S.C. § 523(a)(2)(A), (B). Trial was held October 19, 1981.

I

The debtor, Bill J. Stewart, from 1954 until December 1980, was at all times principally engaged in the insurance business. In 1966 he purchased a one-third interest in J.T. Parker Insurance Agency, Inc., with two other principals, Donald C. Wolford and...

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