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IN RE SIMMS

No. 19848.

202 F.Supp. 911 (1962)

In the Matter of Roscoe Wilson SIMMS, Bankrupt.

United States District Court E. D. Virginia, Norfolk Division.

March 14, 1962.

Attorney(s) appearing for the Case

R. Baird Cabell, Franklin, Va., for petitioning creditor, Bracey.

J. Edward Moyler, Jr., Franklin, Va., for bankrupt.

Frank R. Watkins, Suffolk, Va., trustee in bankruptcy.

WALTER E. HOFFMAN, Chief Judge.

The bankrupt, a farmer, gave to the Seaboard Finance Company, Franklin, Virginia, a written false financial statement with an intent to deceive the lending institution as to his true financial condition. The company, relying upon this statement, made a loan in the sum of $600.00 on January 30, 1959, which loan was in full payment of an existing loan with additional cash being advanced to the bankrupt to make the indebtedness $600.00...

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