Insouth Bank v. Michael (In Re Michael)

How courts have described this case

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

• finding grossly overstated income, failure to list any expenses or personal property, and creditor’s actual knowledge of debtor’s inability to pay obligations constituted red flags
• “A statement is materially false if the information offers a substantially untruthful picture of the financial condition of the debtor that affects the creditor’s decision to extend credit.”
• creditor had actual knowledge of the debtor’s inability to pay and still ignored that “red flag”

Source: CourtListener parenthetical corpus (CC0).