Legal News for Credit Union Managers Since 1990

Archive for October, 2011

26
Oct
2011

Nondischargeable State Court Judgment

In this case, the Bankruptcy Court held that a state court judgment was nondischargeable in bankruptcy. A state court judgment previously found the debtor liable for fraud. Although the federal court has exclusive jurisdiction as to determining dischargeability in bankruptcy, the federal court nevertheless found the debtor was precluded from refuting the state court judgment. […]

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