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SJM Props. v. Korfonta (In re Korfonta)

SJM Props. v. Korfonta (In re Korfonta)

Ruling
Debtor personally liable for deposits paid to debtor's company to construct house that was never conveyed to creditor.
Procedural posture

Creditor brought an action against defendant debtor claiming that the debtor was personally liable for deposits paid to the debtor's company to construct houses that the company never conveyed to her, and that the debtor's liability was nondischargeable under 11 U.S.C.S. § 523(a) on the ground either of fiduciary defalcation or conversion.

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Commercial opinion summary, case decided on October 26, 2010 , LexisNexis #1210-013