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WRIGHT v. LUBINKO

No. 73-2909.

515 F.2d 260 (1975)

In the Matter of Gordon Irving Wright, Bankrupt. Gordon Irving WRIGHT, Bankrupt-Appellant, v. George LUBINKO, Creditor-Appellee.

United States Court of Appeals, Ninth Circuit.

April 21, 1975.

Attorney(s) appearing for the Case

F. Gordon Chytraus (argued), Buena Park, Cal., for bankrupt-appellant.

C. Brian O'Gorman (argued), Goleta, Cal., for creditor-appellee.

Before CHAMBERS and WALLACE, Circuit Judges, and BALDWIN, Associate Judge, U. S. Court of Customs and Patent Appeals.

OPINION

WALLACE, Circuit Judge:

Wright sold stock in his company to Lubinko in violation of California corporate securities laws which require a permit to sell such stock. Lubinko brought suit in the California Superior Court and recovered judgment against Wright for the purchase price plus interest. Wright subsequently filed for bankruptcy. The present controversy stems from Lubinko's application to the bankruptcy court to declare the judgment debt nondischargeable...

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