JP Morgan Chase Bank, NA v. Algire (In Re Algire)

How courts have described this case

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

• alleging that the debtor wrongfully used the business’s loan proceeds to purchase a roof for his house, a hot tub, other items, and to pay off a personal line of credit; however, despite the plaintiff’s detailed factual allegations, the Court dismissed the §523(a)(4
• alleging that the debtor wrongfully used the business’s loan proceeds to purchase a roof for his house, a hot tub, other items, and to pay off a personal line of credit; however, despite the plaintiff’s detailed factual allegations, the Court dismissed the §523(a)(4
• misuse of loaned funds did not support an embezzlement claim because “at the time Plaintiff funded the loan, loan proceeds ceased being Plaintiff’s property; rather, at that moment, the loan proceeds became [the debtor’s] property”

Source: CourtListener parenthetical corpus (CC0).