Date of Decision:
November 19, 2014
Whether the plaintiff was entitled to summary judgment on its complaint seeking a nondischargeable judgment against the debtor pursuant to 11 U.S.C. § 523(a)(8)?
Yes. Since the loan provided an educational benefit to the debtor, the indebtedness owed to the plaintiff was excepted from discharge under 11 U.S.C. § 523(a)(8)(A)(ii), though the loan may have been made for additional purposes.
Full Bankruptcy Court Decision: