Universal Pontiac-Buick-GMC Truck Inc. v. Routson (In Re Routson)

How courts have described this case

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

• holding that debtor’s conduct constituted both misrepresentation and actual fraud, despite the fact that debtor “had every intention of paying his obligations” and believed, “however irrationally, that he would be able to pay them.”
• debtor’s sale of vehicles subject to floor plan agreement with creditor was embezzlement
• court stated that a “floor plan arrangement was not a minor matter in the transaction between parties. It provides a substantial continuing source of credit, without which [the debtor] could not operate [his dealership].”
• sale of floor plan vehicles out of trust constituted embezzlement

Source: CourtListener parenthetical corpus (CC0).