Bankruptcy—Discharge—Effect of False Financial Statement Upon Prior Indebtedness

Authors

anon

Abstract

In the 1961 case of Household Fin. Corp. v. DeShazo, the Washington Supreme Court held that section 17(a)(2) of the Federal Bankruptcy Act limited a creditor to recovery of the amount of an additional loan made in reliance upon a false financial statement, and did not permit recovery of prior indebtedness—not initially obtained by fraud—which was refinanced in the same transaction and included in the total amount of a new note.

First Page

356

Recommended Citation

anon, Washington Case Law, Bankruptcy—Discharge—Effect of False Financial Statement Upon Prior Indebtedness, 40 Wash. L. Rev. 356 (1965).
Available at: https://digitalcommons.law.uw.edu/wlr/vol40/iss2/9