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
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.
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version of Bullock v. BankChampaign
a news article about this case