- 11 U.S.C.
Klaes v. Davison (In re Davison)
Sep
16
2009
Ruling
Debt arising from false pretenses, representations or fraud while debtor was acting as "financial advisor" was nondischargeable.
Procedural posture
Plaintiffs, an unsophisticated investor and her son, filed a complaint against defendant debtor objecting to dischargeability of debt pursuant to 11 U.S.C.S. § 523(a)(2)(A), asserting that debtor obtained funds from them by false pretenses, a false representation or actual fraud. The matter was pending decision following trial.
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Court
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