Successor Trustee: Debtor's 'Defalcation' Case Should Not Be Granted Certiorari

Successor Trustee: Debtor's 'Defalcation' Case Should Not Be Granted Certiorari

WASHINGTON, D.C. - A bank that was named as a successor trustee in the administration of a life insurance trust where the original trustee filed for Chapter 7 bankruptcy filed a brief in the U.S. Supreme Court on Sept. 26, arguing that the debtor's petition for writ of certiorari should be denied because the case does not warrant the high court's attention with regard to the meaning of "defalcation" by a fiduciary (Randy Curtis Bullock v. BankChampaign, No. 11-1518, Chapter 7, U.S. Sup.). View related prior history, 2012 U.S. App. LEXIS 2908.

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