The Supreme Court Extends Bankruptcy Protections To Even Dishonest Debtors
Creditors can stay protected by calling for representations regarding a potential debtor’s financial condition be done in writing.
Recent SCOTUS decision gives an affirmative answer to the question of an individual debtor making a false oral statement regarding an asset to a creditor and getting away with it by discharging the creditor’s claim in their bankruptcy. This white paper reviews this case and what impact this decision may have.
Mark Salzberg is a partner in the Washington DC office and a member of the firm’s Restructuring & Insolvency practice group. He focuses his practice on bankruptcy litigation, creditors’ rights, debtor reorganizations and complex commercial litigation. Mark has extensive experience representing debtors, creditors’ committees, financial institutions, secured and unsecured creditors, franchisors and distributors in bankruptcy matters throughout the United States.
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