- 11 U.S.C.
Marcusen v. Glen (In re Glen)
Apr
12
2011
Ruling
Bankruptcy appellate panel properly reversed ruling that reduction in creditor's equity due to financing was basis for nondischargeability.
Procedural posture
Creditors filed an adversary proceeding seeking to have their debt excepted from discharge. A bankruptcy court found that the debt was nondischargeable pursuant to 11 U.S.C.S. § 523(a)(2)(A) because appellee debtors had defrauded the creditors by obtaining financing that destroyed the value of their equity in two properties. The U.S. Court of Appeals for the Eighth Circuit Bankruptcy Appellate Panel reversed. The creditors appealed.
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Court
:
Judge or Jurisdiction information not available