US Supreme Court Further Defines Fraud in Bankruptcy

Posted on May 17, 2016. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Bankruptcy Attorney, Uncategorized | Tags: , |

The US Supreme Court provides further guidance to bankruptcy lawyers, attorneys and practitioners on when “fraud is fraud” for purposes of §523(a)(2)(A) of the Bankruptcy Code.

The Court says: “The term “actual fraud” encompasses fraudulent conveyance schemes, even when those schemes do not involve a false representation.”

Click on the link below to read the opinion that came out yesterday.

The Opinion

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