6th Circuit: Debtor's False Statement Makes Loan Nondischargeable

6th Circuit: Debtor's False Statement Makes Loan Nondischargeable

CINCINNATI - A panel of the Sixth Circuit U.S. Court of Appeals on March 27 affirmed a ruling that a debtor's student loan debt was nondischargeable on grounds that he lied about his financial standing when he applied for the loan in the first place (Claude Oster v. Clarkston State Bank [In Re: Claude Oster], No. 11- 1388, Chapter 7, 6th Cir.; 2012 U.S. App. LEXIS 6247).

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