- 11 U.S.C.
Donahoo v. Simone (In re Simone)
Mar
22
2012
Ruling
Debt was nondischargeable where debtors had created false emergency to induce creditors to lend funds.
Procedural posture
Plaintiff creditor sued defendant debtors, a married couple, for a determination that a debt owed by them on account of a $50,000 loan she made to them was nondischargeable per 11 U.S.C.S. § 523(a)(2)(A). Debtors, while admitting that they received that amount, claimed that it was an investment in a real estate transaction to which they were parties and denied having any obligation to repay it.
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Court
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