Larry Paulsen v. Greg J. Davis & Sara M. Davis (In re Davis), Ch. 7, BK20-40868-BSK, A20-4034-BSK (Aug. 13, 2021)
After an evidentiary hearing, the court denied a creditor’s complaint objecting to discharge and dischargeability. The debtors are the only two members in an LLC that once owned and operated golf equipment retailer with five locations in Nebraska and Iowa. The plaintiff and his business loaned money to the LLC because the plaintiff was close friends with the debtors’ family. Regular payments were made on the loan until the LLC’s cash-flow issues intensified.
