First Circuit Court of Appeal bankruptcy decision issued July 1, 2015

On July 1, 2015, the U.S. Court of Appeals for the First Circuit issued its opinion in Sauer Inc. vs. Lawson, No. 14-2058, expanding the actual fraud element of §523(a)(2)(A) to include knowing receipt of a fraudulent conveyance, setting a new standard for the circuit.

Wednesday, July 1, 2015