Bullock v. BankChampaign, 2013 U.S. LEXIS 3521 (May 13, 2013)

Bullock v. BankChampaign, 2013 U.S. LEXIS 3521 (May 13, 2013)

LexisNexis Core Overview: Nonprofessional trustee was improperly denied a discharge of a debt in bankruptcy based on fiduciary defalcation under 11 U.S.C.S. § 523(a)(4) [an annotated version of this statute is available to lexis.com subscribers]  since the trustee repaid loans for the trustee's personal gain from a trust with interest and there was no finding of wrongful intent, or gross recklessness, as required to find defalcation.

Counsel: Thomas M. Byrne argued the cause for petitioner.

Bill D. Bensinger argued the cause for respondent.

Curtis E. Gannon argued the cause for the United States, as amicus curiae, by special leave of court.

Judges: BREYER, J., delivered the opinion for a unanimous Court.

Lexis.com subscribers can view the enhanced version of Bullock v. BankChampaign

Read a news article about this case