Legal Opinion
Field v. Mans
Supreme Court of the United States
Decided November 28, 1995No. 94-967PublishedCited by 1,587 opinions
1Opinion of the CourtJustice Souter
The Bankruptcy Code’s provisions for discharge stop short of certain debts resulting from “false pretenses, a false representation, or actual fraud.” 11 U. S. C. § 523(a)(2)(A). In this case we consider the level of a creditor’s reliance on a fraudulent misrepresentation necessary to place a debt thus beyond release. While the Court of Appeals followed a rule requiring reasonable reliance on the statement, we hold the standard to be the less demanding one of justifiable reliance and accordingly vacate and remand.
I
In June 1987, petitioners William and Norinne Field sold real estate for…
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