IN RE PRIESTLEY

Bankruptcy No. 94-621-PJW, Adv. No. 95-4.

201 B.R. 875 (1996)

In re Everett P. PRIESTLEY, Debtor. BENEFICIAL NATIONAL BANK, Plaintiff, v. Everett P. PRIESTLEY, Defendant.

United States Bankruptcy Court, D. Delaware.

June 6, 1996.


Attorney(s) appearing for the Case

Melvyn I. Monzack, Wilmington, DE, for Plaintiff.

Jeffrey M. Weiner, Wilmington, DE, Pace Reich, Philadelphia, PA, for Defendant.


MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

INTRODUCTION

In this Chapter 7 case, Beneficial National Bank ("Beneficial") commenced this adversary proceeding alleging that the debtor, Everett P. Priestley ("Priestley"), obtained an acquisition and construction loan based on false representations, and thus requests that Priestley's debt be deemed nondischargeable pursuant to 11 U.S.C. § 523(a)(2)(B)1. Alternatively...

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