Debtor's intent to deceive not established because creditor was aware of a separate judgement prior to issuing bonds to debtor. Market value compared to book value.
In re Bartomeli
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Book Value in Financial Statements Not Materially False Though Company Has No Market Value
One issue in this bankruptcy case was whether the debtor mislead the surety by listing book value of his construction business, Bartomeli Co., in unaudited financial statements.