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MATTER OF BONNETT

No. 87-2102.

895 F.2d 1155 (1989)

In the Matter of James F. BONNETT and Linda J. Bonnett, Debtors. Appeal of NATIONAL BANK OF PETERSBURG and Illinois National Bank of Springfield.

United States Court of Appeals, Seventh Circuit.

Decided December 20, 1989.

Opinion February 13, 1990.

Attorney(s) appearing for the Case

Donald R. Tracy, Tracy & Tracy, Springfield, Ill., for appellants.

Charles K. Smith, Petersburg, Ill., for debtors-appellees.

Before BAUER, Chief Judge, and EASTERBROOK and KANNE, Circuit Judges.

KANNE, Circuit Judge.

This is an appeal of an order of the district court which reversed the bankruptcy court's determination that a debt was nondischargeable under 11 U.S.C. § 523(a)(2)(B).1 Because we find that the district court applied an improper standard of review, we reverse.

BACKGROUND

James and Linda Bonnett (Bonnett) owned and operated Bonnett's Turkey Hatchery, Inc. in southern Illinois. In August, 1980...

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