In Re Edwin Leo Vann, Debtor. City Bank & Trust Co. v. Edwin Leo Vann
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
BIRCH, Circuit Judge:
This appeal presents the first impression issue of what standard of reliance a creditor must satisfy under section 523(a)(2)(A) of the Bankruptcy Code to prevent the discharge of a debt. The bankruptcy court held that a creditor’s reliance on the debtor’s misrepresentations must be reasonable. The court rejected the creditor’s claim that reasonable reliance was an overly stringent standard or, alternatively, that its reliance met the reasonable reliance standard. The district court summarily affirmed; we REVERSE and REMAND for further factfinding.
I. BACKGROUND
In 1985,…
2Cases cited25 opinions
- Grogan v. GarnerSupreme Court of the United States · 1991
- Russello v. United StatesSupreme Court of the United States · 1983
- Briscoe v. LaHueSupreme Court of the United States · 1983
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