Legal Opinion
Prado v. Erickson (In re Erickson)
United States Bankruptcy Court, W.D. Texas
Decided September 29, 2017No. Case No. 16–10437–TMD; Adv. Proc. No. 16–01062–TMDPublishedCited by 1 opinion
1Opinion of the Court
TONY M. DAVIS, UNITED STATES BANKRUPTCY JUDGE
A bankruptcy discharge will not discharge an individual from "debt ... for money, property, [or] services ... to the extent obtained by ... false pretenses, a false representation, or actual fraud."1 In Husky International Electronics, Inc. v. Ritz ,2 the Supreme Court held that the term "actual fraud" could include fraudulent transfer schemes. But what if the fraudulent transfer scheme has no connection to the debt?
I. FACTS
Martha Prado, the plaintiff, owned a company called Optimum along with her ex-husband, James Prado.3 In 2007, Optimum sold its…
2Cases cited6 opinions
- Field v. MansSupreme Court of the United States · 1995
- Husky International Electronics, Inc. v. RitzSupreme Court of the United States · 2016
- Harold W. McClellan v. Bobbie Darrell CantrellCourt of Appeals for the Seventh Circuit · 2000
- Husky International Electronics, Inc. v. Ritz (In re Ritz)United States Bankruptcy Court, S.D. Texas · 2017
- Walker v. Vanwinkle (In re Vanwinkle)United States Bankruptcy Court, E.D. Kentucky · 2016
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3Cited by1 opinion
- NextGear Capital, Inc. v. James Garcia Lorca, Jr.United States Bankruptcy Court, N.D. Texas · 2025