Gage v. Rosenbaum (In re Rosenbaum)
May
07
2010
Ruling
Debt owed by debtors who took money creditor invested in their corporation for their own use was nondischargeable.
Procedural posture
Plaintiff shareholder filed an adversary proceeding against defendant chapter 7 debtors, a husband and wife, seeking a determination that the debtors owed him a debt that was nondischargeable under 11 U.S.C.S. § 523(a)(2)(A), (a)(2)(B), (a)(4), and (a)(6) because, inter alia, they took money he invested in a corporation they owned for their personal use. The case was tried to the court.
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Court
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