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DEFALCATION DEFEATED?

U.S. Supreme Court weakens a creditor’s recourse in bankruptcy when a trustee misappropriates trust assets money background of american hundred dollar banknotesGenerally, trustees are deemed fiduciaries who owe utmost duties of good-faith, loyalty, trust to a beneficiary. Far too often, however, these trustees fail to adhere to their fiduciary duties, misappropriate ...
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