Section 523(a)(4) provides an exception to the general
discharge for a debtor who wrongfully takes the assets of an
objecting creditor. Larceny is distinguishable from
embezzlement because in larceny, the original taking of the
property must be unlawful. Where payments are lawfully
received pursuant to a contract, larceny cannot exist for
purposes of excepting a discharge.
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Blog By: Attorney Robert Schaller (Bob's bio) of the Schaller Law Firm Click for Bankruptcy Lawyer Job Opportunities. You are invited to contact Attorney Schaller at 630-655-1233 or visit his website at Discharging Student Loans to learn about how the bankruptcy laws can help you. Bob is a member of the National Bankruptcy College Attorney Network, American Bankruptcy Institute and the National Association of Consumer Bankruptcy Attorneys. For information about Chapter 7 bankruptcy Click Here
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Wednesday, May 19, 2010
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