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IN RE SMITH

Bankruptcy No. 13-59021. Adversary No. 13-05412.

517 B.R. 793 (2014)

In re Anthony P. SMITH and Dorothy A. Smith, Debtors. Austin Ritter, Plaintiff, v. Anthony P. Smith and Dorothy A. Smith, Defendants.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

Signed September 18, 2014.

Attorney(s) appearing for the Case

Gerald L. Decker, Clinton Township, MI, for Debtors.

ORDER GRANTING IN PART DEFENDANTS' MOTION FOR SUMMARY JUDGMENT AND DENYING PLAINTIFF'S CROSS MOTION FOR PARTIAL SUMMARY JUDGMENT

MARK A. RANDON, Bankruptcy Judge.

I. INTRODUCTION

In hindsight, Austin Ritter's decision to invest $50,000.00 in Anthony and Dorothy Smith's ("Defendants") commercial cleaning company was a bad one: less than one year later, he sold his interest for just $5,000.00...

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