On June 4, 2018, the U.S. Supreme Court issued its opinion in\u00a0Lamar, Archer & Cofrin, LLP v. Appling<\/i>, 584 U.S. ___ (2018), resolving a circuit split on the issue of whether a debtor\u2019s statement about a single asset constitutes \u201ca statement respecting the debtor\u2019s financial condition\u201d for the purposes of 11 U.S.C. \u00a7 523(a)(2). Affirming the Eleventh Circuit\u2019s decision, 848 F.3d 953 (11th Cir. 2017), the Supreme Court held that a debtor\u2019s statement about a single or specific asset does fall within the scope of the statutory phrase \u201ca statement respecting the debtor\u2019s financial condition,\u201d and therefore, such a statement must be made\u00a0in writing<\/i>\u00a0in order to constitute grounds for nondischargeability.<\/p>\n
Read the full text of this client Alert<\/em> on the Duane Morris LLP website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" On June 4, 2018, the U.S. Supreme Court issued its opinion in\u00a0Lamar, Archer & Cofrin, LLP v. Appling, 584 U.S. ___ (2018), resolving a circuit split on the issue of whether a debtor\u2019s statement about a single asset constitutes \u201ca statement respecting the debtor\u2019s financial condition\u201d for the purposes of 11 U.S.C. \u00a7 523(a)(2). Affirming … <\/p>\n Continue reading “Supreme Court Resolves Circuit Split: Single Asset Statement Reflects Debtor’s Financial Condition, Must Be Made in Writing”<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[215,212,214,138,213,140,216,75],"ppma_author":[238],"class_list":["post-260","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy-court","tag-business-reorganization-and-financial-restructuring","tag-debtor","tag-eleventh-circuit","tag-keri-l-wintle","tag-scotus","tag-sotomayor","tag-supreme-court"],"authors":[{"term_id":238,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-content\/uploads\/sites\/22\/2014\/10\/dmlogo.jpg","author_category":"1","last_name":"Davies","first_name":"Thomas","job_title":"","user_url":"https:\/\/www.duanemorris.com","description":"Visit the Duane Morris website.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/posts\/260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/posts\/260\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/media?parent=260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/categories?post=260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/tags?post=260"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/appellatelaw\/wp-json\/wp\/v2\/ppma_author?post=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}