Claims

Illinois Northern District

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PACA Doesn’t Give Rise to Denial of Discharge for Defalcation, Chicago Judge Says

A PACA trust lacks the hallmarks of a trust, so a failure to pay a produce supplier doesn’t give rise to a nondischargeable debt for defalcation while acting in a fiduciary capacity, Judge Goldgar says.

Court :

7th Circuit

Illinois

Tuesday, December 31, 2019

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Monday, December 30, 2019

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Friday, December 27, 2019

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Divided Fifth Circuit Again Permits Third-Party Injunctions in Stanford Receivership

Fifth Circuit should decide en banc whether nondebtor releases are permissible in receiverships but not in bankruptcy cases.

Court :

5th Circuit

Monday, December 23, 2019

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Monday, December 23, 2019

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Asset Sales

Finance and Banking

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Monday, December 23, 2019

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