Minnesota Bankruptcy Case: Building Contractors Default Does Not Rise to the Level of Fraud, Theft, or Conversion
The following is a summary of a Minnesota bankruptcy case or a case relevant to Minnesota bankruptcy law.
Minnesota Bankruptcy Case:
Laudon v. Yozamp (In re Yozamp), ADV 09-6029, (Bankr. D. Minn. 8/3/10) (O’Brien, J.)
Building Contractors Default Does Not Rise to the Level of Fraud, Theft, or Conversion
In a scenario that is becoming more and more common, the Laudons contracted with Mark Yozamp to build them a home. Problems ensued. The house was not completed. The Laudons asserted a number of claims against Yozamp and his wife. When the latter filed bankruptcy, they brought a dischargeability complaint against both of them. Judge O’Brien granted Laura Ann Yozamp’s motion for judgment on partial findings after the plaintiffs presented their case and ruled in favor of Mark Yozamp after trial. He analyzed each of the plaintiffs’ claims and found that they had failed to prove all of them.
Credit: The preceding was a summary of a case relevant to Minnesota bankruptcy law. The case summary was prepared by the U.S. Bankruptcy Court through Judge Robert J. Kressel & attorney Faye Knowles.