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C. Brate Bryant, Elizabeth A. Bryant Living Trust, and C. Brate Bryant 1990 Revocable Trust v. Paul L. Clements and Tina M. Clements (In re Clements), Adv. No. 17-0012, Case No. 16-13848-7 (07/27/2017) (570 B.R. 803) -- Judge Catherine J. Furay

Case Summary:
Plaintiffs filed an action against the Debtor in state court on May 13, 2009. The state court found Debtors had obtained money in violation of state securities law and issued a default judgement against them for $974,104.46. The Plaintiffs then brought this adversary seeking a determination that the state court judgment is nondischargeable under 11 U.S.C. § 523(a)(19). Defendants responded that the state court judgment was invalid. The Court held the state court judgment was valid and enforceable against Debtors and nondischargeable.

Statute/Rule References:
11 U.S.C. § 523(a)(19) -- Nondischargeability - Violation of Securities Laws

Key Terms:
Nondischargeable Debt

File: 
PDF icon In re Clements (F).pdf
Judge: 
Chief Judge Catherine J. Furay
Date: 
Thursday, July 27, 2017