PELL, Circuit Judge. Section 17(a)(2) of the Bankruptcy Act of 1938, 11 U.S.C. § 35 (a)(2) (1960), provides that an individual’s debt shall not be discharged in bankruptcy if that debt or its renewal is the result of money obtained “in reliance [by the creditor] upon a materially false statement in writing respecting [the debtor’s] financial con…
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