(Bankr. W.D. Ky. Jan. 5, 2018)
The bankruptcy court enters judgment in favor of the plaintiffs in this non-dischargeability action. The debtors had obtained a loan from the plaintiffs (parents of one of the debtors) to be used in the debtors’ business. The loan was secured by a lien on the debtors’ personal property. The debtors used loan funds for personal expenses rather than the business, and the debtors sold much of their personal property without turning the proceeds over to the plaintiffs. Opinion below.
Attorneys for Plaintiffs: Kerrick Bachert PSC, Scott A. Bachert, Ashley Gerughty
Attorney for Debtors: Mark H. Flener
Author: Matt Lindblom