Richards & Sons Constr. Co. v. Odom (In re Odom)

Ruling: 
Debt was dischargeable where creditor could not have reasonably relied on corporation's false financial statement.
Procedural posture: 
Creditor, which had advanced funds and credit to or on behalf of the individual debtor's wife's corporation, alleged that the debts therefor were nondischargeable due to fraud under 11 U.S.C.S. § 523(a)(2)(B). The issue was whether the creditor reasonably relied on the allegedly false financial information provided by the debtor.
Issue: 
ABI Membership is required to access the full summary of Richards & Sons Constr. Co. v. Odom (In re Odom). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on March 08,2010, LexisNexis #0510-087