IN RE:  RICHARD WAYNE LOSSEN CASE NO. 91-50405

UNITED STATES BANKRUPTCY COURT 
EASTERN DISTRICT OF KENTUCKY
LEXINGTON

IN RE:

RICHARD WAYNE LOSSEN CASE NO. 91-50405

a/k/a Dick Lossen

d/b/a Dick Lossen Agency; Prospect

Hill; Dick Lossen, Agent

DEBTOR

INSURANCE COMPANY OF NORTH AMERICA PLAINTIFF

v. ADV. NO. 92-5017

RICHARD WAYNE LOSSEN DEFENDANT

IN RE:

HELEN VICTORIA VAN CAMP CASE NO. 91-50764

a/k/a Vicky Van Camp

Vicky Lossen

DEBTOR

INSURANCE COMPANY OF NORTH AMERICA PLAINTIFF

v. ADV. NO. 92-5018

H. VICTORIA VAN CAMP DEFENDANT

SUBSTITUTED MEMORANDUM OPINION

After a thorough review of the record in this case the court has concluded that the complaints of ICNA in these cases seeking to have the indebtedness owed to it excepted from discharge under 11 U.S.C. 523(a)(2)(B) should be dismissed. There is simply insufficient evidence to warrant a finding that the financial statement of the debtors accompanying the Investor Bond Application submitted to ICNA was materially or intentionally or recklessly false.

Dated: January 3, 1995.

By the court -

Joe Lee, Chief Judge

Copies to:

Philip L. Hanrahan

Benjamin Lee Kessinger, III

Dan D. Brock, Jr.