POSTED: Friday, January 21st, 2011 at 3:03 pm

BY: WISCONSIN LAW JOURNAL STAFF

Bankruptcy Nondischargeability; fiduciary duty Even if a corporate director or officer of an insolvent corporation owes a fiduciary duty to creditors, that duty is not a basis for non-dischargeability of the debt, absent fraud. “Here, the bankruptcy judge correctly concluded that an ordinary principal-agent or buyer-seller relationship, without more, is not a fiduciary relationship under [...]