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Posts tagged "Bankruptcy non-dischargeable home equity false pretenses"

First Circuit Affirms Holding That Home Equity Loan Debt Non-Dischargeable Because It Was Created Through False Pretenses When Debtor Took Advantage Of Bank Mistake

The First Circuit Court of Appeals has affirmed a bankruptcy court decision that a debtor's home equity loan debt was non-dischargeable because it was created through false pretenses. The debtor knew the line of credit should have been closed when she sold her home and paid off the associated mortgage but she subsequently wrote $124,000 of checks on the credit line.