ee4c3a84_United_States_Bankruptcy_Court__Summary
[Date Filed] 10/23/2014 [Case Number] 14-3035 [PDF] View [Summary] 
In re: Meyer v. Walters et al Summary: Debtors/defendants entered into an Agreement for Sale of Real Estate with plaintiff. The Agreement obligated the defendants to purchase certain real estate from the plaintiff. The property was later damaged in a hail storm. The defendants received a check from their insurer and represented to the plaintiff that (1) the insurance proceeds would be used to purchase building materials to repair the hail damage and (2) defendant Thomas Walters, a skilled carpenter, would make the necessary repairs. Based on these representations, the plaintiff authorized the defendants to endorse the check on the plaintiff’s behalf and to deposit the insurance proceeds into their bank account. In the defendants’ bankruptcy case, the plaintiff filed a complaint objecting to the dischargeability of a debt under 11 U.S.C. §523(a)(2)(A). Trial was held. The Court found in favor of the plaintiff and entered judgment in the amount of $19,516.22, representing homeowner's insurance proceeds misappropriated by the debtors.
Opinions | Southern District of Illinois | United States Bankruptcy Court
Summary