The following excerpt is from Jaroslawicz v. Steinberg (In re Steinberg), Adv. Proc. No. 14-02426, Case No. 14-10845-MG (Bankr. S.D.N.Y. 2016):
Section 523(a)(2)(A) of the Bankruptcy Code provides that an individual debtor will not be discharged from any debt for "services" obtained by (1) false pretenses, (2) a false representation, or (3) actual fraudother than a statement respecting the debtor's or an insider's financial condition. 11 U.S.C. 523(a)(2)(A). Lubit v. Chase, 372 B.R. at 128. In order to succeed on a cause of action under section 523(a)(2)(A), a creditor must establish the following elements:
Page 12
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.