- 11 U.S.C.
Richards & Sons Constr. Co. v. Odom (In re Odom)
Mar
08
2010
Ruling
Debt was dischargeable where creditor could not have reasonably relied on corporation's false financial statement.
Procedural posture
Creditor, which had advanced funds and credit to or on behalf of the individual debtor's wife's corporation, alleged that the debts therefor were nondischargeable due to fraud under 11 U.S.C.S. § 523(a)(2)(B). The issue was whether the creditor reasonably relied on the allegedly false financial information provided by the debtor.
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Court
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