National Credit Union Administration Board v. Zovkic (In re Zovkic)

MEMORANDUM OF OPINION

Pat E. Morgenstern-Clarren, United States Bankruptcy Judge

The plaintiff National Credit Union Administration Board is the liquidating agent for the failed St. Paul Croatian Federal Credit Union. The Board filed this complaint seeking a determination under Bankruptcy Code §§ 523(a)(2)(A) and (a)(2)(B) that a debt owed to St. Paul by the defendant-debtor Vlado Zovkic is not dischargeable in his chapter 7 case. For the reasons that follow, the Court finds that the Board did not meet its burden of proof and the debt is, therefore, discharged.

JURISDICTION

Jurisdiction exists…