Lewis v. Spivey (In re Spivey)

Ruling: 
Debtor's use of management fees without assent of other LLC members while making false assurances resulted in nondischargeable debt.
Procedural posture: 
Creditors filed a complaint against chapter 7 debtors individually and as members of a limited liability company (LLC) to determine the dischargeability of debts under 11 U.S.C.S. § 523(a)(2)(A) and (a)(4). The debtors moved to dismiss the 11 U.S.C.S. § 523(a)(4) cause of action for lack of standing.
Issue: 
ABI Membership is required to access the full summary of Lewis v. Spivey (In re Spivey). 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 November 22,2010, LexisNexis #1210-117