Wednesday, May 19, 2010

Section 523(a)(4): Larceny

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.
 
Warmest Regards,

Bob Schaller
Your Bankruptcy Advisor
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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