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§ 523(a)(2)(B)

I.H. Miss. Valley Credit Union v. Lindquist (In re Lindquist)

Feb
15
2006
Ruling
Debtor's credit card debt was deemed nondischargeable, but debtor's loan debt was deemed dischargeable since the creditor relied on the debtor's standing as a good customer rather than on any misstatements.
Procedural posture

Plaintiff creditor brought an adversary proceeding against defendant bankruptcy debtor, alleging that the debtor obtained a loan and a credit card account from the creditor based on materially false statements in credit applications, and thus the debts were not dischargeable under 11 U.S.C. § 523(a)(2)(B). The bankruptcy court conducted a trial.

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opinion summary, case decided on February 15, 2006 , LexisNexis #0306-085
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