MEMORANDUM OPINION
This bankruptcy appeal presents the question whether the Bankruptcy Court erred in allowing a creditor’s claim against the debtor for a defaulted loan where, as here, the claim is barred by the statute of limitations unless the debtor’s written agreement not to assert the limitations bar is given effect. A Virginia statute, Va. Code § 8.01-232(A), limits and defines the circumstances under which agreements not to assert the statute of limitations can be enforced. Thus, the question presented in this appeal is, more precisely, whether the Bankruptcy Court, in allowing the creditor’s claim, correctly construed and applied this statute. For the reasons that follow, the Bankruptcy Court did not do so and hence the allowance of the barred claim must be reversed.
I.
Only a brief recitation of the pertinent facts and procedural history is necessary for resolution of the instant appeal. Thus, the record reflects that on July 10, 2002, appellee P.H. Harrington, Jr., an attorney, loaned $235,000 to his then-friend and client, appellant Mary D. Slaey. This loan took the form of a $235,000 cashier’s check made out to “M.L. Denese Slaey” drawn from Harrington’s personal bank account at Branch Banking and Trust Company. Slaey contemporaneously executed a Promissory Note with respect to this loan (the “2002 Note”). Pursuant to the terms of the 2002 Note, Slaey promised to repay “P.H. Harrington Jr. Pension Plan” the total amount of $235,000, with interest at the rate of 8% per annum on the unpaid balance from July 10, 2002, until the date of maturity. In this regard, the 2002 Note had an express term of only one month, providing that the unpaid balance was “payable in one lump sum installment of principal and interest on or before August 10, 2002.”
According to Harrington, Slaey failed to satisfy the terms of the 2002 Note anytime between 2002 and 2008. Slaey and Harrington nonetheless remained in contact with one another throughout these years, apparently both for legal and personal reasons. And, given his legal background, Harrington was aware that legal enforcement of the 2002 Note was governed by Virginia’s six-year statute of limitations applicable to negotiable instruments.1 Thus, on August 7, 2008 — three days before expiration of the six-year limitations period — Harrington drafted an agreement for Slaey’s approval and signature. This agreement provided that Slaey agreed not to raise a statute of limitations defense “in any legal proceeding that relates to funds borrowed” by Slaey from Harrington between 2002 and 2008. This written agreement — hereinafter referred to as the 2008 SOL Waiver — specifically provided, in its entirety, as follows:
AGREEMENT
For Ten Dollars ($10.00) cash in hand paid, receipt of which is hereby acknowledged by the undersigned, and for other *503good and valuable consideration, the undersigned agrees that she will not raise the defense of the statute of limitations in any legal proceeding that relates to funds borrowed by either DeNese Slaey or SIM2 from P.H. Harrington, Jr. Esquire and/or P.H. Harrington, Jr. pension plan from January 1, 2002 through January 1, 2008.
Signed this 7th day of August, 2008.
The six-year loan period covered by the 2008 SOL Waiver — January 1, 2002 to January 1, 2008 — clearly includes the $235,000 loan extended to Slaey on July 10, 2002, that resulted in the contemporaneous 2002 Note. The record also clearly reflects that Slaey signed the 2008 SOL Waiver presented to her by Harrington, and Harrington, in turn, signed the 2008 SOL Waiver as a witness.
Nearly five years later, on February 4, 2013, Slaey initiated bankruptcy proceedings in the Eastern District of Virginia by filing a petition for bankruptcy pursuant to Chapter 11 of the United States Bankruptcy Code. Harrington, by counsel, then filed a creditor’s claim in Slaey’s bankruptcy proceeding on September 4, 2013. The standard proof of claim form submitted by Harrington identified the basis of the claim as “Money Loaned and Unjust Enrichment,” and the claim was in the total amount of $523,706.38. This total amount included, inter alia, $235,000 for the entire principal amount of the 2002 Note, as well as interest on the 2002 Note from July 10, 2002, to February 4, 2013.3
In the course of the bankruptcy proceedings, Slaey, by counsel, objected to Harrington’s claim on multiple grounds. With respect to the 2002 Note, in particular, Slaey raised four objections, namely (i) that Harrington’s claim was barred by the statute of limitations, (ii) that Slaey had not executed the 2002 Note, (iii) that the majority of the 2002 Note had already been repaid to Harrington, and (iv) that Slaey was not personally liable on the 2002 Note. Slaey also challenged the validity of the 2008 SOL Waiver, arguing that it could not operate to save Harrington’s time-barred claim because it did not meet the statutory requirements of a valid written waiver of the statute of limitations pursuant to Virginia Code § 8.01-232, which is the Virginia statute that limits and defines the circumstances under which agreements not to assert the statute of limitations can be enforced.
On. March 20, 2014, the Bankruptcy Court held an evidentiary hearing on Slaey’s objection to Harrington’s claim. Harrington and Slaey were the only two witnesses. At the conclusion of the hearing, the Bankruptcy Court made certain preliminary factual determinations, including (i) that Slaey, rather than her company, SIM, personally incurred the $235,000 debt covered by the. 2002 Note, (ii) that Slaey had not made any payments on the 2002 Note, and (iii) that Slaey and Harrington had jointly executed the 2008 SOL Waiver prior to expiration of the six-year statute of limitations applicable to negotiable instruments in Virginia. The Bankruptcy Court also concluded that failure to-enforce the 2008 SOL Waiver would “operate as a fraud” on Harrington within the *504meaning of Virginia Code § 8.01-232 given that Harrington detrimentally relied on the 2008 SOL Waiver in not filing a lawsuit against Slaey based on the 2002 Note within the six-year limitations period. In other words, the Bankruptcy Court held that the 2008 SOL Waiver was valid and enforceable in these circumstances, and that expiration of the six-year statute of limitations did not preclude Harrington’s claim against Slaey’s bankruptcy estate. In the end, therefore, by Order entered May 14, 2014, the Bankruptcy Court allowed Harrington’s claim against Slaey on the 2002 Note (with some minor adjustments not pertinent to the instant appeal) in the total amount of $234,420.67. See In re: Mary D. Slaey, Case No. 13-10541-RGM (Bankr.E.D.Va. May 14, 2014) (Order).
On May 28, 2014 — two weeks after the Bankruptcy Court rendered its decision allowing Harrington’s claim — Slaey filed a motion to reconsider based on what she claimed was “newly discovered evidence” that Harrington had already been repaid on the 2002 Note.. Harrington filed a prompt written objection to Slaey’s motion to reconsider, and the Bankruptcy Court ultimately denied the motion by Order dated July 15, 2014. See In re: Mary D. Slaey, Case No. 13-10541-RGM (Bankr. E.D.Va. July 15, 2014) (Order). Slaey then filed the instant appeal with this Court pursuant to 28 U.S.C. § 158.4
In the appeal, Slaey initially raised two distinct arguments, namely (i) that the Bankruptcy Court erred in concluding that the 2008 SOL Waiver was valid and enforceable under Virginia Code § 8.01-232, thereby allowing Harrington’s time-barred claim on the 2002 Note, and (ii) that the Bankruptcy Court erred in denying Slaey’s motion for reconsideration based on alleged newly discovered evidence. Not surprisingly, Slaey, by counsel, later withdrew the argument pertaining to newly discovered evidence in the course of these appeal proceedings. See Tr. of 12/12/14 Hearing (where appellant’s counsel states that “on the new evidence issue ... I don’t want you to waste your time on it. I am prepared to withdraw that issue and focus only on the Statute of Limitations issue”). Thus, the sole remaining issue on appeal is whether the Bankruptcy Court erred in allowing Harrington’s otherwise time-barred claim on the 2002 Note in light of the 2008 SOL Waiver. In other words, the precise question presented here is whether the Bankruptcy Court correctly concluded that the 2008 SOL Waiver is valid and enforceable under Virginia Code § 8.01-232 on the ground that failure to enforce the 2008 SOL Waiver would “operate as a fraud” on Harrington within the meaning of that statute. See Va. Code § 8.01-232(A) (providing that “[wjhenever the failure to enforce a promise, written or unwritten, not to plead the statute of limitations would operate as a fraud on the promisee, the promisor shall be estopped to plead the statute”).
II.
The standard of review applicable to a bankruptcy appeal filed with a district court is the same standard that is. applied by a court of appeals reviewing a district court proceeding. See 28 U.S.C. § 158(c)(2) (providing that “[a]n appeal under subsections (a) and (b) of this section shall be taken in the same manner as appeals in civil proceedings generally are taken to the courts of appeals from the district courts and in the time provided by Rule 8002 of the Bankruptcy Rules”). *505Thus, a district court reviews the bankruptcy court’s factual findings for clear error and its legal conclusions de novo. See National Heritage Found., Inc. v. Highbourne Found., 760 F.3d 344, 347 (4th Cir.2014); SG Homes Associates, LP v. Marinucci, 718 F.3d 327, 334 (4th Cir. 2013). Moreover, “[m]ixed questions of law and fact are also reviewed de novo.” In re J.A. Jones, Inc., 492 F.3d 242, 249 (4th Cir.2007). The issue presented in the instant appeal is a mixed question of law and fact that must be reviewed de novo.
III.
Analysis properly begins with the plain language of the applicable Virginia statute. As already noted, Va. Code § 8.01-232 governs the validity and legal effect of written and unwritten promises not to plead the statute of limitations in Virginia. That statute—entitled “Effect of promises not to plead statute”—provides, in pertinent part, as follows:
Whenever the failure to enforce a promise, written or unwritten, not to plead the statute of limitations would operate as a fraud on the promisee, the promisor shall be estopped to plead the statute. In all other cases, an unwritten promise not to plead the statute shall be void, and a written promise not to plead the statute shall be valid when (i) it is made to avoid or defer litigation pending settlement of any case, (ii) it is not made contemporaneously with any other contract, and (iii) it is made for an additional term not longer than the applicable limitations period.
Va. Code § 8.01-232(A).
Thus, carefully read, the governing language of Va. Code § 8.01-232(A) may be viewed as consisting of essentially three parts, with two of those parts setting forth general rules regarding the validity and enforceability of (i) unwritten and (ii) written promises not to plead the statute of limitations, and the third part setting forth (iii) a limited exception to those general rules. Specifically, Part I provides that, with one limited exception set forth in Part III, unwritten promises not to plead the statute of limitations are generally void and unenforceable in Virginia. Part II of the statute provides that, again, with one limited exception set forth in Part III, a written promise not to plead the statute is generally valid and enforceable only if three specified requirements are met, namely, if the written promise (i) is made to avoid or defer litigation pending settlement of a case, (ii) is not made contemporaneously with any other contract, and (iii) is made for an additional term not longer than the applicable limitations period. Va. Code § 8.01-232(A). Finally, Part III of the statute—and the part at issue in the instant appeal—provides a limited exception to the general rules set forth in Parts I and II. That limited exception specifically provides that “[wjhenever the failure to enforce a promise, written or unwritten, not to plead the statute of limitations would operate as a fraud on the promisee, the promisor shall be estopped to plead the statute.” Va. Code § 8.01-232(A).
Here, the parties do not dispute . that the facts of this case do not fall within Parts I or II of the statute. Specifically, not only is there no oral agreement involved in this case, but the parties’ written agreement—the 2008 SOL Waiver—clearly does not meet all three requirements of a valid and enforceable written promise not to plead the statute of limitations.5 *506Thus, the sole question presented here is whether failure to enforce the 2008 SOL Waiver would “operate as a fraud” on Harrington in this instance, so as to place this case within the limited exception set forth in Part III of § 8.01-232(A).
Thus, to resolve this appeal, it is necessary to determine precisely what is meant by the phrase “operate as a fraud,” as used in the limited exception set forth in Part III of § 8.01-232(A). Regrettably, the statute provides no additional guidance in this regard. And given the dearth of applicable case law, it is also apparent that this statutory exception is rarely addressed or cited in either the state or federal court systems. In fact, only two published cases have addressed the operative statutory language at issue here. Both cases were decided more than 75 years ago in the context of the previous version of the Virginia statute, which was then codified at Va. Code § 5821.6 Specifically, the Court of Appeals for the Fourth Circuit was the first to address the issue in Tucker v. Owen, 94 F.2d 49 (4th Cir.1938), and the Supreme Court of Virginia’s decision in Soble v. Herman, 175 Va. 489, 9 S.E.2d 459 (1940) followed shortly thereafter.
In concluding that failure to enforce the 2008 SOL Waiver would “operate as a fraud” on Harrington in this instance, the Bankruptcy Court relied exclusively on the Fourth Circuit’s 1938 decision in Tucker. There, the Fourth Circuit addressed the question whether an unwritten promise not to plead the statute of limitations to a claim for a debt, which promise was made before the statute of limitations had expired and was relied on by the plaintiff in that case, was enforceable by reason of waiver or estoppel after expiration of the limitations period. And, as in the instant case, the analysis in Tucker focused sharply on whether it would “operate a fraud” on the plaintiff not to enforce defendant’s oral promise not to plead the statute of limitations.7
The district court in Tucker had determined that the circumstances presented there did not fall within the statute’s limited fraud exception because “mere proof *507that a promise has been made and broken is not sufficient to establish fraud unless it is shown that when the promise was made the promisor then had the intention not to fulfill it.” Tucker, 94 F.2d at 50-51 (emphasis added). In other words, “[fjinding no evidence that the defendant had such an intention when the promise was made, the [district court] judge concluded that no fraud had been proved and that the plea of limitations should be upheld.” Id. at 51.
A panel majority of the Fourth Circuit, however, disagreed with the district court’s decision in Tucker, and instead interpreted the word “fraud,” as used in the Virginia statute, more broadly.8 In doing so, the Fourth Circuit noted that the Supreme Court of Virginia had, at the time, not yet spoken on the issue and, “in the absence of a pronouncement by the courts of Virginia,” the district court’s strict interpretation of the word “fraud,” as used in the statute, did not appear “to be in harmony with the purpose of the act.” Id. In this regard, the Fourth Circuit specifically noted the following:
The broad intention [of the statute] is manifest to protect a creditor who has relied on the promise of his debtor and to make it impossible for the debtor to secure immunity from an honest claim through the medium of his broken word. Such conduct may.not be fraud in the sense of a false pretense, that is, a false representation of an existing fact, but if successful, it makes possible a gross injustice and lacks the elements of honesty and fair dealing which are the antitheses of fraud. Indeed, using the expression in an intelligent and proper sense, such conduct would, in the words of the statute, ‘operate a fraud’ and would be regarded as an act of bad faith.
Id. The Fourth Circuit further concluded that in the absence of any controlling Virginia case law interpreting the operative language of the statute, there was “no compulsion ... to restrict the scope of the statute by a narrow interpretation of the word ‘fraud.’ ” Id. at 52. Instead, the Fourth Circuit found “sound basis for the conclusion that the [Virginia] Legislature 'intended to stigmatize as fraudulent the failure of a debtor to keep a promise of this sort upon which his creditor has relied, and to estop the debtor from pleading the defense when at his request the suit has been delayed.” Id. at 53.9
It should be noted that had Tucker been the only pertinent judicial opinion available at the time the Bankruptcy Court rendered its decision in this case, its conclusion that the failure to enforce the 2008 SOL Waiver would “operate as a fraud” on Harrington within the meaning of § 8.01-232(A) would have been consistent with applicable precedent. Indeed, it appears quite clear on this record that Harrington detrimentally relied on the 2008 SOL Waiver in not filing a suit against Slaey within the statute of limitations period. But, as it happens, the Supreme Court of *508Virginia subsequently addressed the issue two years after Tucker, in Soble v. Herman, 175 Va. 489, 9 S.E.2d 459 (1940). And significantly, the Soble decision makes unmistakably clear that the Fourth Circuit’s broad interpretation of the word “fraud” in Tucker is not the view adopted by the Supreme Court of Virginia.
Like Tucker, Soble was decided in the context of Va. Code § 5821 — the previous version of Va. Code § 8.01-232(A). The facts of Soble are relatively straightforward and can be summarized as follows: A Maryland citizen named Benjamin Herman died in 1931 and his widow was named the sole beneficiary and executrix of his estate. At the time of his death, Mr. Herman was indebted to the plaintiff, J. Soble, in the sum of $2,500, as evidenced by a note due 90 days from July 14, 1931. Soble did not file suit on the note within the applicable five-year statute of limitations in light of an oral statement made by Mr. Herman’s widow that “she would never see him [Soble] lose anything and would never plead the statute of limitations against said note, and that she would pay [the note].” Soble, 9 S.E.2d at 461. Soble eventually filed suit against the widow’s estate after she, too, died before the note had been satisfied.
On these facts, the question presented in Soble was, as the Supreme Court of Virginia put it, “whether an oral promise not to plead the statute of limitations, made by the executrix and sole beneficiary of an estate, [wa]s sufficient to remove the bar of the statute in a suit filed by the creditor to subject [decedent’s] real estate ... to the payment of a debt due by decedent.” Id. Soble, the creditor, argued in that case that the failure to enforce the widow’s oral promise not to assert the statute of limitations would “operate a fraud” on So-ble within the meaning of Va. Code § '5821. Soble thus argued that his claim on the note should be permitted to proceed despite expiration of the applicable limitations period.
Significantly, the Supreme Court of Virginia flatly rejected Soble’s argument in this regard. In doing so, the court relied on the well-settled principle that “[f]raud must relate to a present or a pre-existing fact, and cannot ordinarily be predicated on unfulfilled promises or statements as to future events.” Soble, 9 S.E.2d at 464. In other words, the court specifically held that the word “ ‘fraud,’ — as used in the phrase ‘will operate a fraud upon the promisee’ — ‘must relate to a present or a pre-existing fact’ and cannot be established by allegation or proof of a non-fulfilled, naked, oral promise.” Id. at 464. This sensible conclusion is consistent with the notion that “a mere promise to perform an act in the future is not, in a legal sense, a representation, and a failure to perform it does not change its character.” Id. Indeed, “the very nature of a promise to do something in the future is such that its truth or falsity, as a general rule, cannot be determined at the time- it is made.” Id.10
*509There is, however, a well-established exception to this general rule “where an action for fraud and deceit is ‘predicated on promises which are made with a present intention not to perform them, or on promises made without any intention to perform them.’ ” Patrick v. Summers, 235 Va. 452, 369 S.E.2d 162, 164 (1988) (citing Lloyd v. Smith, 150 Va. 132, 142 S.E. 363, 365 (1928)) (emphasis added). In that circumstance, “if a defendant makes a promise that, when made, he has no intention of performing, that promise is considered a misrepresentation of present fact and may form the basis for a claim of actual fraud.” Supervalu, Inc. v. Johnson, 276 Va. 356, 666 S.E.2d 335, 342 (2008) (citations omitted) (emphasis added). Thus, in cases falling within this exception to the general rule, “[t]he gist of fraud ... is not the breach of the agreement to perform, but the fraudulent intent” present in the promisor’s mind at the time the promise is made. Patrick, 369 S.E.2d at 164. And, as with all claims of fraud and deceit, such fraudulent intent must be established by clear and convincing evidence. See id. (concluding that “[w]hile the evidence may be sufficient to raise doubts concerning the defendant’s intention when the time came for performance of his promise ..., it is insufficient .as a matter of law to show he had the intent to defraud at the time he made the promise,” and such evidence was thus “inadequate to qualify as the clear, cogent, and convincing proof required to establish an action for fraud and deceit”) (emphasis added).
Here, the record discloses no evidence, let alone clear and convincing evidence, that Slaey.made any misrepresentation of present fact to Harrington at the time she signed the 2008 SOL Waiver. Indeed, a review of Harrington’s testimony from the underlying bankruptcy proceedings confirms just the opposite, as illustrated by the following exchange between Harrington and Slaey’s counsel:
Q. And at the time of the waiver of the statute of limitations, did M's. Slaey make any representations to you that caused you to proceed with the waiver?
A. No, no. She came on in to sign it. And we just met, and she signed it, and that was it ... You know, she just signed it. And I said thank you, now we can get on with our lives.
Q. So there was no — there was [sic] no statements that you relied on? She just — you gave it to her, she signed it? A. Yeah.
Q. That was that.
A. Yeah.
Tr. of 3/20/14 Bankr. Ct. Hearing, p. 129-30.
Simply put, therefore, the circumstances presented here involve merely an unfulfilled written promise on Slaey’s part not to assert a statute of limitations defense in a future suit brought by Harrington. Soble, 9 S.E.2d at 464. Such a naked, unfulfilled promise is precisely what the Soble court made clear would not satisfy the limited fraud exception set forth in Va. Code § 8.01-232(A). Indeed, in the absence any clear and convincing evidence that Slaey made a misrepresentation of present fact at the time she signed the 2008 SOL Waiver, which the record confirms she did not, Harrington’s argument that failure to enforce the 2008 SOL Waiver would “operate as a fraud” within the meaning of the Virginia statute must be rejected and the Bankruptcy Court’s allowance of Harrington’s time-barred claim must be reversed.11
*510IV.
In sum, therefore, the 2008 SOL Waiver does not meet the statutory requirements for a valid written promise not to plead the statute of limitations in Virginia, and failure to enforce the 2008 SOL Waiver in this instance would not “operate as a fraud” on Harrington within the meaning of Va.Code § 8.01-232(A). Given this, Harrington’s claim based on the 2002 Note is clearly barred by the six-year statute of limitations applicable to negotiable instruments in Virginia, and the Bankruptcy Court’s decision allowing Harrington’s claim in Slaey’s bankruptcy proceeding must be reversed.
An appropriate order will issue.