1st Colonial Community Bank v. Brian Wolfson — Debt Dischargeable After Trial

Fri, 24 Apr 2026 02:00:00 +0000
Bankruptcy

The United States Bankruptcy Court for the District of New Jersey issued a memorandum decision in 1st Colonial Community Bank v. Brian Wolfson (Adv. No. 23-01390-ABA) after a two-day trial. The court ruled that the debt owed by debtor Brian Wolfson to 1st Colonial Community Bank—related to construction loan transactions for real property at 110 Munn Lane, Cherry Hill, New Jersey—is dischargeable. The court found that 1st Colonial failed to meet its burden of proving the necessary element of reliance required under 11 U.S.C. §§ 523(a)(2)(A) and (a)(2)(B). The plaintiff's motion for summary judgment had previously been denied, and the case proceeded to trial before Judge Andrew B. Altenburg, Jr.