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IN RE McCLENDON

Bankruptcy No. 08-17058-JS. Adversary No. 08-0592-JS.

415 B.R. 170 (2009)

In re Paul McCLENDON and Capri McClendon, Debtors. Vinay Gulati, Plaintiff v. Paul McClendon and Capri McClendon, Defendants.

United States Bankruptcy Court, D. Maryland.

August 11, 2009.

Attorney(s) appearing for the Case

Melinda Gale Tell, Jordan & Tell LLP, Columbia, MD, for Debtors.

John J. Murphy, III, Walker & Murphy, LLP, Rockville, MD, for Plaintiff.

Marc L. Jordan, Columbia, MD, for Defendants.

MEMORANDUM OPINION DETERMINING DEBT TO BE DISCHARGEABLE

JAMES F. SCHNEIDER, Bankrupcy Judge.

The instant complaint seeks the nondischargeability of debt related to the breach of a so-called "equity participation contract" between the parties. The contract called for Vinay Gulati ("Gulati" or "the plaintiff") to lend $23,000 to Paul and Capri McClendon ("the McClendons" or "the defendants") for the purchase of a residence, purportedly in exchange for...

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