5th Circuit Reverses Ruling; Debtor Has Valid Claim For Promissory Estoppel

5th Circuit Reverses Ruling; Debtor Has Valid Claim For Promissory Estoppel

NEW ORLEANS - A panel of the Fifth Circuit U.S. Court of Appeals on July 15 partially reversed and partially affirmed a district court decision, ruling that a debtor who was foreclosed upon by her lender had stated a plausible claim for promissory estoppel even though she did not state a claim for declaratory relief on the basis of waiver (Gloria Martin-Janson v. JPMorgan Chase Bank, No. 12-50380, Chapter 13, 5th Cir.; 2013 U.S. App. LEXIS 14284).

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