Mirage-Casino Hotel v. Simpson (In Re Simpson)

319 B.R. 256, 18 Fla. L. Weekly Fed. B 70, 2003 Bankr. LEXIS 2109, 2003 WL 23975406
CourtUnited States Bankruptcy Court, M.D. Florida
DecidedDecember 31, 2003
DocketBankruptcy No. 6:01-BK-05252-ABB. Adversary No. 6:01-AP-00161-ABB
StatusPublished
Cited by7 cases

This text of 319 B.R. 256 (Mirage-Casino Hotel v. Simpson (In Re Simpson)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, M.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mirage-Casino Hotel v. Simpson (In Re Simpson), 319 B.R. 256, 18 Fla. L. Weekly Fed. B 70, 2003 Bankr. LEXIS 2109, 2003 WL 23975406 (Fla. 2003).

Opinion

*259 Memorandum, Opinion

ARTHUR B. BRISKMAN, Bankruptcy Judge.

This cause came on the Complaint to Determine Debts as Non-dischargeable pursuant to 11 U.S.C. § 523(a)(2) filed by Plaintiffs, The Mirage-Casino Hotel (“Mirage”) and Treasure Island Corporation (“Treasure Island”) (collectively, “Plaintiffs” or “Casinos”) against Defendant, David M. Simpson (“Defendant”). The following Findings of Fact and Conclusions of Law are made after reviewing the evidence and arguments of counsel.

FINDINGS OF FACT

Defendant filed chapter 7 on May 30, 2001. The Plaintiffs’ filed claims against the Debtor. Mirage filed Claim Number Two (2) for one hundred thousand dollars ($100,000) and Treasure Island filed Claim Number Three (3) for one hundred thousand dollars ($100,000).

Plaintiffs filed this Complaint against Defendant to have their claims declared non-dischargeable pursuant to 11 U.S.C. §§ 523(a)(2)(A), (a)(2)(B) and (a)(2)(C) on August 2, 2001. Defendant filed an answer to the Complaint.

The Plaintiffs are hotel-casinos located in Las Vegas, Nevada and have established credit procedures they followed in determining whether to extend credit to the Defendant. Beginning in 1999 Defendant applied for a twenty thousand dollar ($20,000) line of credit at each Casino. He was required to complete and sign credit applications. The Casinos’ obtained information regarding Defendant’s bank accounts, including current and average balances maintained. Following this initial credit evaluation, the Casinos’ approved Defendant’s requests and extended him separate twenty thousand dollar ($20,000) lines of credit.

Defendant gambled using his lines of credit. Each time he.drew down on his credit line he was required to sign checks, drawn against his bank account, payable to the Casinos (“Markers”). Defendant was never allowed to draw down on his credit line unless he signed Markers.. The Markers represented his express acknowledgement that he owed a debt to the casinos. The Casinos had the right to present the Markers to Defendant’s bank if he failed to repurchase the Markers, however, Defendant’s gambling status as a Disposition 3 Gambler entitled him to leave the Casinos before satisfying his outstanding Markers and to be invoiced later for any balance.

Defendant requested credit line increases from Plaintiffs between February and November 2000. Plaintiffs’ approved his requests based on his bank account balances and gambling debt payment history (“Play and Pay”). He used these additions to his credit lines. Defendant paid off Markers between November 2000 and March 2001, paying sixty thousand dollars ($60,000) to Treasure Island and fifty thousand dollars ($50,000) to Mirage.

Defendant requested an increase in his credit lines to one hundred thousand dollars ($100,000) in March 2001, Before approving the credit line increase the Casinos reviewed Defendant’s Pay and Play history and Florida bank account, which had a current balance of seventy ($70.00) to ninety dollars ($90.00) and an average balance of one thousand ($1,000.00) to three thousand dollars ($3,000.00). Plaintiffs’ approved and increased his credit lines to one hundred thousand dollars ($100,000) with knowledge that Defendant’s residence and banking accounts were both located in Florida.

Defendant returned to Las Vegas, Nevada and gambled at Plaintiffs’ casinos using his one hundred thousand dollar ($100,000) credit lines. He executed twenty-two (22) *260 Markers, written on his Florida bank account, to the Plaintiffs, in the aggregate amount of two hundred thousand dollars ($200,000) and received gaming chips of equal value in exchange.

Defendant lost two hundred thousand dollars ($200,000) at the Casinos. Treasure Island presented Defendant’s outstanding Markers, executed in its favor, to United Southern Bank, Defendant’s Florida bank, but the Markers were dishonored and returned to Treasure Island marked “NSF” due to insufficient funds. Mirage did not present the Markers because it learned of the bankruptcy filing prior to presentment.

When Debtor’s credit lines were raised to one hundred thousand dollars ($100,000) neither Casino relied on any representation by the Debtor. The Casinos relied instead on Debtor’s Pay and Play history when they raised his credit lines. Debt- or’s gambling with and loss of two hundred thousand dollars ($200,000) at the Casinos constituted an expenditure on luxury goods and services.

CONCLUSIONS OF LAW

Plaintiffs allege their claims should be excepted from discharge based on three (3) provisions of 11 U.S.C. § 523(a)(2).

I. 11 U.S.C. § 523(a)(2)(A)

Section 523(a)(2)(A) of the Bankruptcy Code provides an exception from discharge for any debt for “money, property, services, or an extension, renewal, or refinancing of credit,” 1 to the extent obtained by — “false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.” 2

To find a debt nondischargeable pursuant to section 523(a)(2)(A), a creditor must establish: (1) the debtor made a false representation to deceive the creditor, (2) the creditor relied on the misrepresentation, (3) the reliance was justified, and (4) the creditor sustained a loss as a result of the misrepresentation. 3 A debt is excepted from discharge where it has been incurred by a debtor who knew at the time that there were neither current nor realistically foreseeable resources for payment. 4

Fraud, pursuant to section 523(a)(2)(A), does not have to consist of an explicit fraud, but can also exist as a “concealment of a material fact.” 5 False representation can be inferred from the record based on the circumstances. 6 Section 523(a)(2)(A) requires justifiable, not reasonable, reliance by the creditor. 7 It is a subjective standard. 8 The court examines the “particular qualities and characteristics of the plaintiff and circumstances of the particular case” 9 when determining if reliance was justified. The plaintiffs conduct must be reasonable and not the cause of the loss. 10

*261 Plaintiffs did not rely Defendant’s representations, but instead relied on Defendant’s Pay and Play history.

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Bluebook (online)
319 B.R. 256, 18 Fla. L. Weekly Fed. B 70, 2003 Bankr. LEXIS 2109, 2003 WL 23975406, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mirage-casino-hotel-v-simpson-in-re-simpson-flmb-2003.