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IN RE LOFSTROM

No. 91 C 4273.

133 B.R. 428 (1991)

In re Jack A. LOFSTROM, Debtor. ILLINOIS REGIONAL BANK, n/k/a Old Kent Bank, N.A., Plaintiff, v. Jack A. LOFSTROM, Defendant.

United States District Court, N.D. Illinois, E.D.

October 31, 1991.

Attorney(s) appearing for the Case

Joel Charles Solomon, Grossman, Solomon & Fielkow, Lincolnwood, Ill., for plaintiff.

Phillip Daniel Levey, Phillip D. Levey, Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Plaintiff-appellant Illinois Regional Bank, n/k/a Old Kent Bank, N.A. ("IRB" or "bank") appeals from the bankruptcy court's decision discharging defendant-appellee Jack Lofstrom's debt to IRB. The bank maintains that, because it followed its customary lending practice in making a $50,000 loan to Lofstrom and because it reasonably relied on Lofstrom's false representation that he was not subject to any pending...

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