Legal Opinion
Sanford Institution for Savings v. Gallo
Court of Appeals for the First Circuit
Decided September 4, 1998No. 98-9004PublishedCited by 58 opinions
1Opinion of the Court
ROSENN, Senior Circuit Judge.
This appeal raises an important question pertaining to the discharge in bankruptcy of a debt for property that was obtained by fraud. Title 11 U.S.C. § 523(a)(2)(A) provides that the debtor shall be denied a discharge of any debt for money or an extension of credit to the extent obtained by a false representation or actual fraud. It is undisputed that the debtor, Michael A. Gallo Jr., knowingly made false representations to the Sanford Institution for Savings (“SIS” or “the Bank”) on the basis of which he obtained a standby letter of credit from it for $250,000.…
2Cases cited8 opinions
- Field v. MansSupreme Court of the United States · 1995
- Palmacci v. UmpierrezCourt of Appeals for the First Circuit · 1997
- Monarch Life Insurance v. Ropes & GrayCourt of Appeals for the First Circuit · 1995
- HSSM 7 Ltd. Partnership v. BilzerianCourt of Appeals for the Eleventh Circuit · 1996
- In Re: Sateesh Apte, Debtor. Sateesh Apte v. Romesh Japra, M.D., F.A.C.C., Inc., a California CorporationCourt of Appeals for the Ninth Circuit · 1996
3 more not listed; retrieve them via the Exa API.
3Cited by58 opinions
- Harold W. McClellan v. Bobbie Darrell CantrellCourt of Appeals for the Seventh Circuit · 2000
- At&T Universal Card Services v. MercerCourt of Appeals for the Fifth Circuit · 2001
- Field v. MansCourt of Appeals for the First Circuit · 1998
- Aoki v. Atto Corp. (In Re Aoki)Bankruptcy Appellate Panel of the First Circuit · 2005
- Backlund v. Stanley-Snow (In Re Stanley-Snow)Bankruptcy Appellate Panel of the First Circuit · 2009
53 more not listed; retrieve them via the Exa API.