First State Bank of Roscoe v. Stabler (In re Stabler)

Case Type:
Consumer
Case Status:
Affirmed
Citation:
No. 17-1904, 2019 WL 362454 (8th Circuit, Jan 30,2019) Published
Tag(s):
Ruling:
Bankruptcy court properly held bank and its principal in contempt and sanctioned them for violating a final bankruptcy discharge injunction.
Procedural context:
Debtors filed for bankruptcy. Debtors listed bank on schedules with a claim that was much less than the amount owed. After discharge, bank obtained a new commitment from the debtors to pay the debt. Later, bank commenced collection efforts when debtors fell behind on their payments. In state-court litigation, debtors and bank asserted multiple claims. Later, bankruptcy court rejected bank's arguments and sanctioned it. District court affirmed.
Facts:
Debtors borrowed from bank. Bank held priority liens against debtors' property.
Judge(s):
Shepherd, Melloy, Grasz

ABI Membership is required to access the full summary. Please Sign In using your ABI Member credentials. Not a Member yet? Join ABI now - it is absolutely worth it!

About us in numbers

2960 in the system

2872 Summarized

2 Being Processed