In re Moore (Ch. 7 Case No. 00-30917, Adv. No. 00-03033)
The debtor purchased, on an installment basis, real property in order to develop a subdivision. The debtor failed to record the deed to secure debt in favor of the creditor. Subsequent lenders foreclosed on part of the tract. The creditor obtained a default judgment in state court for the balance owed on the installment sale. The bankruptcy court held that the debtor had made a false representation that he would record the deed to secure debt in favor of the creditor. The bankruptcy court held that the creditor's obligations were nondischargeable under 11 U.S.C.A. section 523(a)(2)(A).