Plaintiffs sought a non-dischargeable judgment against debtor under 11 U.S.C. § 523(a)(2)(B), alleging that debtor had provided a materially false financial statement in support of his personal guarantee to repay the price of stock purchased from plaintiffs by a company debtor controlled. After hearing and analyzing extensive evidence, the court found that plaintiffs had failed to prove by clear and convincing evidence that debtor intended to deceive them, as required for non-dischargeability by § 523(a)(2)(B). The debt to plaintiffs was therefore discharged. This decision was reversed and remanded by the district court in 340.pdf for the bankruptcy court's reconsideration of the outcome, using a preponderance of the evidence standard.