Supreme Court Opinion: Banks Cannot Assume All Fraudulent Charges Are Nondischargeable
By: Erich Paetsch, Creditors’ Rights & Bankruptcy and Litigation Lawyer On June 4th, the Supreme Court clarified when discharge of debts may occur if the debt arises out of fraudulent statements about assets. As a result, banks cannot assume that all fraudulent charges are nondischargeable. In this case, R. Scott Appling fell behind in his …