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IN RE VAIRO

Bankruptcy No. 83 B 20460, 83 Adv. 6187.

40 B.R. 776 (1984)

In re Ralph VAIRO, Debtor. LINCOLN FIRST BANK, N.A., Plaintiff, v. Ralph P. VAIRO, Defendant.

United States Bankruptcy Court, S.D. New York.

June 8, 1984.

Attorney(s) appearing for the Case

McCarthy, Fingar, Donovan, Drazen & Smith, White Plains, N.Y., for Lincoln First Bank, N.A.

Jeffrey L. Sapir, Yonkers, N.Y., for debtor.

DECISION ON COMPLAINT OF LINCOLN FIRST BANK, N.A. FOR DENIAL OF DISCHARGE AND DISCHARGEABILITY.

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The debtor's unsuccessful gamble in the purchase and sale of stock options resulted in a substantial deficiency owed to the plaintiff bank's discount brokerage department, which the debtor could not meet short of bankruptcy. The plaintiff bank responded to the debtor's Chapter 7 petition with a complaint objecting to his discharge...

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