Structured Investments Co. v. Webb (In Re Webb)

MEMORANDUM OF DECISION AND ORDER: (1) GRANTING DEFENDANT’S MOTION FOR SUMMARY JUDGMENT; AND (2) DENYING PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT

RICHARD L. BOHANON, Bankruptcy Judge.

For the reasons stated below, the Court will grant the Defendant’s motion for summary judgment and deny the Plaintiffs motion for summary judgment.

Background

The Plaintiffs complaint seeks an exception to the Debtor’s discharge pursuant to 11 U.S.C. § 523(a)(4) and (6). The Plaintiff bases its complaint on a contract with the Debtor-Defendant in which he agreed to direct his monthly military pension payments to the…