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Term
Issue

Whether (and, if so, when) a statement concerning a specific asset can be a “statement respecting the debtor's ... financial condition” within Section 523(a)(2) of the Bankruptcy Code.

For a full analysis from the Rochelle Daily Wire, please click here.

Opinion

The Supreme Court resolved a split of circuits by holding that a false statement about one asset must be in writing to provide grounds for rendering a debt nondischargeable under Section 523(a)(2).

Click here to read the full opinion.

Click here to read an analysis of the decision by ABI Editor-at-Large Bill Rochelle.

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