GMA, Inc. v. Boerner (In re Boerner)

MEMORANDUM OPINION

STEWART ROSE, Chief Judge.

This adversary was filed to determine the dischargeability of a debt. The debt- or’s corporation (“Crown”) sold certain accounts to the creditor (“GMA”) at a discount. GMA took a security interest in the receivables. GMA’s officer testified that the only notification given to account debtors was a change of the post office box for remitting payments. Certain payments were nonetheless sent to Crown and never found their way to GMA’s coffers. No evidence was presented to indicate that the debtor acted to divert payments made by the account debtors…