Bullock v. BankChampaign, N.A.
|Docket No.||Op. Below||Argument||Opinion||Vote||Author||Term|
Mar 18, 2013
|May 13, 2013||9-0||Breyer||OT 2012|
Holding: The term “defalcation” in the Bankruptcy Code includes a culpable state of mind requirement involving knowledge of, or gross recklessness in respect to, the improper nature of the fiduciary behavior.
Plain English Summary:
Judgment: Vacated and remanded, 9-0, in an opinion by Justice Breyer on May 13, 2013.
- Opinion analysis: Justices protect discharge for “innocent” trustee (Ronald Mann)
- Argument analysis: Bankruptcy dispute finds Justices dubious about innocence of trustee self-dealing (Ronald Mann)
- Argument preview: Court to scour dictionaries to define “defalcation” in bankruptcy dispute (Ronald Mann)
- Petition of the day (Ben Cheng)