- 11 U.S.C.
Port Louis Owners Assn v. Savage (In re Savage)
Apr
13
2007
Ruling
Debtor's diversion of condominium association insurance proceeds to personal use resulted in nondischargeable debt.
Procedural posture
Adversary plaintiff, a homeowners association, brought a claim to deny the discharge of a debt for insurance funds that debtors diverted for their own benefit in the rebuilding of two unit structures damaged by a fire. The association's allegations fell under the fraud and embezzlement provisions of 11 U.S.C. § 523(a)(2)(A) and (a)(4).
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Court
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