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May 19, 2016

High Court Rejects Narrow Bankruptcy Fraud Exemption

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In its recently issued decision in Husky International Electronics, Inc. v. Ritz, a 7-1 majority of the Supreme Court has clarified that intentionally fraudulent transfers designed to hinder or defraud creditors can fall within the definition of “actual fraud” under Section 523(a)(2)(A) of the Bankruptcy Code and can sometimes result in corresponding liabilities being non-dischargeable in a personal bankruptcy proceeding.

View full memo, High Court Rejects Narrow Bankruptcy Fraud Exemption

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Adam Hakki

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