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On March 18, 2013,  the Supreme Court heard oral argument in Bullock v. BankChampaign, NA., a bankruptcy case.  Bankruptcy law provides debtors a means of discharging their otherwise unmanageable debts, but there are exceptions.  This case involves an exception for debts incurred through a type of misconduct known as “defalcation.”  The question here concerns the degree of trustee misconduct required to trigger the defalcation exception, and whether such conduct can include actions that did not actually result in a loss of trust property.

To discuss the case, we have Zvi Rosen, who is an Adjunct Professor at New York Law School.

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