Legal Opinion

Arvest Mortgage Co. v. Nail (In Re Nail)

Court of Appeals for the Eighth Circuit

Decided June 5, 2012No. 11-2018PublishedCited by 10 opinions

1Opinion of the Court

LOKEN, Circuit Judge.

Elizabeth E. Nail borrowed from Arvest Mortgage Company (“Arvest”) to purchase a newly-constructed home, executing a promissory note and mortgage. In April 2009, Ms. Nail filed a voluntary petition for Chapter 13 bankruptcy relief. Arvest then purchased the mortgaged property at a foreclosure sale for substantially less than what Ms. Nail owed on the promissory note and filed this adversary proceeding, seeking a judgment declaring the mortgage debt nondischargeable under 11 U.S.C. § 523(a)(2) and (4). At trial, the bankruptcy court directed a verdict for Ms. Nail on the §…

2Cases cited16 opinions

  1. Davis v. Aetna Acceptance Co.Supreme Court of the United States · 1934
  2. In Re Jesse H. Long, Debtor. Barclays American/business Credit, Inc. v. Jesse H. LongCourt of Appeals for the Eighth Circuit · 1985
  3. Chapman v. Forsyth & LimerickSupreme Court of the United States · 1844
  4. In the Matter of Simon Angelle, D/B/A Angelle's Lumber Co., Bankrupts. Simon Angelle v. Dr. Kenneth P. ReedCourt of Appeals for the Fifth Circuit · 1980
  5. In the Matter of Nancy S. Marchiando, Debtor-Appellee. Appeal of State of Illinois, Department of the LotteryCourt of Appeals for the Seventh Circuit · 1994

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3Cited by10 opinions

  1. McGraw v. Collier (In re Collier)United States Bankruptcy Court, E.D. Arkansas · 2013
  2. MarPad, L.L.C. v. Seevers (In re Seevers)United States Bankruptcy Court, D. Nebraska · 2017
  3. Clear Sky Properties, LLC v. Roussel (In re Roussel)United States Bankruptcy Court, E.D. Arkansas · 2012
  4. Coleman v. Fields (In re Fields)United States Bankruptcy Court, E.D. Arkansas · 2016
  5. Credit Associates, Inc. v. BlevinsUnited States Bankruptcy Court, D. Oregon · 2020

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