- 11 U.S.C.
Cambre v. Guthrie-Brown (In re Guthrie-Brown)
Oct
27
2006
Ruling
Misunderstandings of unsophisticated investor did not render debt nondischargeable on grounds of misrepresentation.
Procedural posture
Plaintiff investor brought adversary proceedings against defendant bankruptcy debtors, seeking a determination that a debt to the investor was not dischargeable under 11 U.S.C. § 523(a)(2)(A) based on the debtors'misrepresentations which induced the investor to loan money to the debtors for a real estate development project which ultimately failed. The bankruptcy court conducted a trial.
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Court
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