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IN RE VARRASSO

No. 94-1583.

37 F.3d 760 (1994)

In re Peter C. VARRASSO and Mildred R. Varrasso, Debtors. John O. DESMOND, Trustee, etc., Appellee, v. Peter C. VARRASSO, et al., Appellants.

United States Court of Appeals, First Circuit.

Decided October 18, 1994.

Attorney(s) appearing for the Case

Ann Brennan, with whom Stephen E. Shamban was on brief, for appellants.

John O. Desmond, for appellee.

Before SELYA, Circuit Judge, CAMPBELL, Senior Circuit Judge, and STAHL, Circuit Judge.

SELYA, Circuit Judge.

In this case, the bankruptcy court entered a summary judgment sustaining the trustee's objection to the debtors' discharge. The district court affirmed. Because we find that the courts below grasped for the blossom though only the bud was ready, we vacate the judgment.

I.

Background

Appellants Peter and Mildred Varrasso, husband and wife (collectively, the debtors), participated in several speculative...

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