Bankruptcy: Investment Loss- Consent Order- Causation

Where appellant investors challenged an order dismissing their adversary complaint in a Chapter 7 case, the judgment is affirmed because the bankruptcy court did not err in finding that no debt to the investors resulted from a consent order issued by the enforcement section of the Missouri Securities Division of the secretary of state in an administrative proceeding commenced against the debtor and his company.

Judgment is affirmed.

Conway v. Heyl (MLW No. 72224/Case No. 18-6001 – 10 pages) (U.S. Bankruptcy Appellate Panel, Saladino, C.J.) Appealed from U.S. Bankruptcy Court, Eastern District of Missouri.