Sheri J. Palmer Revocable Trust v. Jason Michael Stephens (In re Stephens), Ch. 7, BK21-40869-TLS, A21-4023-TLS (Dec. 12, 2022)
After a trial on the plaintiff’s complaint to except a debt from discharge under § 523(a)(2)(A), the court ruled for the defendant. The plaintiff loaned $500,000 to the debtor to purchase a controlling interest in a bank. For various reasons, the debtor bought only a minority interest, and the transaction took longer than the plaintiff expected. When the debtor filed a Chapter 7 case, the plaintiff filed this adversary proceeding to have the debt declared non-dischargeable.