Non-dischargeability and Intent to Defraud

The 6th Circuit Bankruptcy Appellate Panel has addressed what constitutes the intent to defraud for purposes of establishing non-dischargeability under Section 523(a)(4) of the Bankruptcy Code.  The president of a car dealership appealed the determination that a $2.4 million debt owed to his lender was non-dischargeable as embezzlement. 

Read the full post    By Bob Mendes    Tags bankruptcy litigation, fraud, nondischargeability    Comments 0