X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
in a 7-2 decision, the justices reversed a ruling by the 4th U.S. Circuit Court of Appeals that a promissory note, which was created as part of the settlement of a fraud case, could be discharged in a bankruptcy proceeding. Archer v. Warner, No. 01-1418. The court held that a debt for money promised in a settlement agreement accompanied by the release of underlying tort claims is a debt for money obtained by fraud, which is not dischargeable in bankruptcy. Breyer’s opinion was joined by Rehnquist, Scalia, O’Connor, Kennedy, Souter and Ginsburg. Thomas wrote a dissenting opinion, which was joined by Stevens.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.