- 11 U.S.C.
Maxwell v. Maxwell (In re Maxwell)
Apr
09
2014
Ruling
Diversion of trust funds by debtor trustee's wife did not amount to defalcation on part of debtor.
Issue(s)
Did debtor trustee commit fiduciary defalcation by allowing debtor's spouse, a bank officer, to access and handle trust funds when the spouse diverted some of the funds for personal use?
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Court
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