Estate of Guy L. Mann, Deceased. Suzanne Mann Duval, Administratrix v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• upholding finding of worthlessness of an unsecured loan where testimony at trial established that no money would be paid on claims of an unsecured creditor
• “Debts are wholly worthless when there are reasonable grounds for abandoning any hope of repayment in the future, and it could thus be concluded that they have lost their ‘last vestige of value.’ ”
• \If and when [a debt] becomes wholly worthless must be determined from the facts and circumstances known or which reasonably could have been known at the end of the year of asserted worthlessness.\

Source: CourtListener parenthetical corpus (CC0).