Branch Banking & Trust Co. v. Adam (In re Adam)

Loan guarantees upon which bank did not reasonably rely were dischargeable.
Procedural posture: 
Creditor bank, made three loans to two entities controlled by the debtor, which he individually guaranteed. The bank sought to have the debtor's guarantees determined to be nondischargeable because he provided false personal financial statements to obtain the loans, under 11 U.S.C.S. § 523(a)(2)(B), or alternatively, he willfully and maliciously injured the bank, under 11 U.S.C.S. § 523(a)(6).
ABI Membership is required to access the full summary of Branch Banking & Trust Co. v. Adam (In re Adam). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on January 29,2009, LexisNexis #0609-080