(7th Cir. June 4, 2015)
The Seventh Circuit affirms the bankruptcy court's order denying discharge of a debt under 11 U.S.C. § 523(a)(4). Under Wisconsin law, the debtor had committed "theft by contractor" when he paid other creditors out of funds held in trust for the creditor. The creditor had sold hundreds of thousands of dollars' worth of building materials to the debtor's construction company. The court affirms, finding the evidence was sufficient to establish the requisite intent. Opinion below.
2015-06-04 – stoughton lumber co v sveum
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