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Can a petitioner in Chapter 11 be granted relief on a debt resulting from a frudulent transaction
Sacramento, CA
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Posted 7 months ago in Bankruptcy / Debt
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The debtor cosigned a promissory note based on a fraudulent grant deed to which he had no title nor did the note's cosignor. In fact the parcel actually belonged to the US Government
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Answers (1)
Robin Mashal
This attorney is licensed in California.
Posted 7 months ago.
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Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.
Bankruptcy law allows most liabilities to be discharged. There are certain liabilities that cannot be discharged in bankruptcy, such as those based on fraud, defalcation, DUI, etc. In order to prevent such liabilities from being discharged, the person who has the claims needs to timely file a lawsuit (called an "adversary proceeding") in the bankruptcy court and prosecute her/his claim to judgment. You should immediately consult your own attorney to protect your legal rights.
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