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10-1882 In re Berman

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 section 523(a)(4). Nothing ...

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