Callaway Bank v. Ray (In re Ray)

Ruling: 
Debt was nondischargeable against debtor who falsely represented cattle ownership but not against debtor spouse absent evidence of fraud.
Procedural posture: 
Plaintiff bank filed an adversary proceeding against defendant chapter 7 debtors, a husband and wife, seeking a determination that the debtors owed the bank a debt in the amount of $3,071,599 that was nondischargeable under 11 U.S.C.S. § 523(a)(2)(B), (a)(4), and (a)(6). The bank filed a motion for summary judgment.
Issue: 
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Consumer case opionion summary, case decided on September 15,2010, LexisNexis #1110-021