Mechanics' lien trust fund debts not dischargeable in bankruptcy – what were you thinking?

In a recent unanimous decision, the United States Supreme Court made it more difficult to avoid a bankruptcy debtor discharging a debt tied to "defalcation while acting in a fiduciary capacity." [1] In Bullock, the Court stated that a defalcation, or misappropriation of funds, requires a

Filed under:
USA, Insolvency & Restructuring, Litigation, Sherman & Howard LLC, Bankruptcy, Fiduciary, Debt, Supreme Court of the United States
Authors:
Peter A. Cal
Location:
USA
Firm:
Sherman & Howard LLC