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IN RE RUWART

No. 88-K-1472, Bankruptcy No. 87 B 12833 J, Adv. No. 88 E 329.

114 B.R. 725 (1990)

In re Charles H. RUWART, Jr., a/k/a Chuck Ruwart a/k/a C.H. Ruwart and Jane F. Ruwart, a/k/a Jane M. Ruwart, Debtors. CHRYSLER CREDIT CORPORATION and American Motors Leasing Corporation, Plaintiffs-Appellants, v. Charles H. RUWART, Jr., and Jane F. Ruwart, Defendants-Appellees.

United States District Court, D. Colorado.

May 31, 1990.

Attorney(s) appearing for the Case

Donald B. Gentry, Grant, McHendrie, Haines & Crouse, Denver, Colo., for Chrysler & American Motors.

Jon L. Holm, Denver, Colo., for Ruwart.

MEMORANDUM OPINION AND ORDER

KANE, Senior District Judge.

The issue in this appeal is whether two creditors of the debtor actually and reasonably relied on financial statements supplied by the debtor in extending credit to him. The creditors, the Chrysler Credit Corporation and the American Motors Leasing Corporation, contend that the bankruptcy court erred in determining that they had not actually and reasonably...

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