United States Seventh Circuit

In plaintiff's bankruptcy proceedings, a decision reversing the bankruptcy court's judgment that the loan the debtors owed to the creditors was dischargeable and that, even if it was non-dischargeable, the amount excepted from discharge was only the amount of unpaid interest and attorney fees, is affirmed where: 1) the bankruptcy court clearly erred in finding that the creditor was unjustified in relying on the debtors' misrepresentations about the asserted continued ownership of McDonald's restaurants and by finding that the creditor did not establish a claim for fraudulently induced forbearance; and 2) the bankruptcy court committed an error of law in finding that only the unpaid interest and attorney's fees were non-dischargeable.

Appellate Information

• Decided 03/25/2010
• Published 03/25/2010

Judges

Court

• United States Seventh Circuit

Counsel