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IN RE MUTSCHLER

Bankruptcy No. 83-05004, Adv. No. 83-7165.

45 B.R. 482 (1984)

In re Freddie MUTSCHLER and Marlys Mutschler, d/b/a Mutschler Farms, Debtors. MANAGEMENT JETS INTERNATIONAL, INC. and C.I.T. Corporation, Plaintiffs, v. Freddie MUTSCHLER and Marlys Mutschler, Defendants.

United States Bankruptcy Court, D. North Dakota.

November 7, 1984.

Attorney(s) appearing for the Case

Joanne H. Ottmar, Jamestown, N.D., for Management Jets.

Roger J. Minch, Fargo, N.D., for C.I.T.

George E. Duis, Fargo, N.D., for Mutschlers.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The Plaintiffs, Management Jets International, Inc. (MANAGEMENT JETS) and C.I.T. Corporation (CIT), commenced the instant action predicated upon section 523(a)(2)(B) of the Bankruptcy Code. By their Complaint, it is alleged that there were material misrepresentations and omissions in a financial statement given to them by the Debtor, Freddie Mutschler (MUTSCHLER), and in reliance thereon CIT was induced...

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