- 11 U.S.C.
Premier Bank v. Koester (In re Koester)
Sep
29
2010
Ruling
Loans guaranteed after debtor made false financial statements was nondischargeable.
Procedural posture
Creditor brought an adversary proceeding against defendant bankruptcy debtors seeking a determination that debts to the creditor were nondischargeable under 11 U.S.C.S. § 523(a)(2)(B) based on the debtors' false statements of ownership of real property in financial statements which induced the creditor to loan money to the debtors' construction business. The creditor moved for summary judgment.
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Court
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