Eighth Circuit Limits Definition of “Fiduciary” in Creditor’s Effort to Declare Debt Nondischargeable
Under the federal bankruptcy code, a creditor may seek to except a debtor’s discharge of a debt for fraud while acting in a fiduciary capacity. See 11 U.S.C. § 523(a)(4). The Eighth Circuit Court of Appeals recently limited the definition of “fiduciary” in connection with § 523(a)(4), a frequent basis upon which a creditor seeking […]