Bankr. No.:
03-50375
Adv. No.:
03-5015
Chapter:
7
Date of Decision:
March 15, 2004
Issue:
Whether Debtors’ oral representations that the sale of their other real property would allow a quick payoff of the amount they owed Plaintiffs and that Debtor would be receiving a managerial position were actionable under 11 U.S.C. § 523(a)(2)(A) or 11 U.S.C. § 727(a)(4)(C)?
Ruling:
Debtors’ oral representations that the sale of their other real property would allow a quick payoff of the amount they owed Plaintiffs and that Debtor would be receiving a managerial position were statements respecting their financial condition and were thus not actionable under 11 U.S.C. § 523(a)(2)(A). Debtors’ representations were not made in or in connection with Debtors’ case and were thus also not actionable under 11 U.S.C. § 727(a)(4)(C).
Full Bankruptcy Court Decision:
