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§ 523(a)(4)(B)

Farley v. Romano (In re Romano)

Ruling
Debt held nondischargeable due to embezzlement by debtor from company to pay personal expenses.
Procedural posture

Creditor, a 50 percent shareholder of a company, filed complaints against chapter 7 debtors, the president and other 50 percent shareholder of the company and his wife, seeking a determination that a debt owed to him or to the company by debtors was nondischargeable pursuant to 11 U.S.C. § 523(a)(2) and (a)(4).

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opinion summary, case decided on October 30, 2006 , LexisNexis #1206-130