Day Care-Sam Furr LLC v. McKinnell (In re Ross)

Ruling: 
Debt was nondischargeable due to debtor's inducement of creditor to extend line of credit to maintain property and conversion of proceeds for personal use.
Procedural posture: 
Plaintiff creditor brought an adversary proceeding against defendant bankruptcy debtor alleging that the debtor was liable for misappropriation of funds from the creditor's wholly owned limited liability company (LLC), and that such debt was nondischargeable under 11 U.S.C.S. § 523(a).
Issue: 
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Consumer case opionion summary, case decided on September 11,2012, LexisNexis #1012-049