- 11 U.S.C.
Souvannasan v. Vongkhansomphou (In re Vongkhansomphou)
Jun
17
2013
Ruling
Stipulated judgment that did not show that central issues were litigated was not basis for nondischargeable debt.
Procedural posture
Plaintiffs creditors sued defendant debtor seeking to have a state court judgment exempted from discharge pursuant to 11 U.S.C.S. § 523(a)(2)(A) on the basis that the claim was incurred based on the debtor's fraud. The bankruptcy court held a trial on the adversary proceeding. The dispute concern residential property that was worth approximately $70,000 although it had an outstanding mortgage against it of approximately $300,000.
ABI Membership is required to access the full summary of Souvannasan v. Vongkhansomphou (In re Vongkhansomphou) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: