Legal Opinion
Coosemans Miami, Inc. v. Arthur (In re Arthur)
United States Bankruptcy Court, S.D. Florida.
Decided August 7, 2018No. Case No. 17-17829-BKC-RAM; Adv. No. 17-01378-BKC-RAM-APublishedCited by 9 opinions
1Opinion of the Court
Robert A. Mark, Judge United States Bankruptcy Court
Section 523(a)(4) of the Bankruptcy Code excepts from discharge a debt "for *764fraud or defalcation while acting in a fiduciary capacity." The Code does not define fiduciary capacity, and the only clear consensus among courts interpreting § 523(a)(4) is that acting in a fiduciary capacity means something more than simply having fiduciary duties.
The Defendants are produce dealers with fiduciary duties under the Perishable Agricultural Commodities Act ("PACA"), 7 U.S.C. §§ 499a, et seq. PACA creates a trust to protect produce suppliers like the…
2Cases cited22 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Davis v. Aetna Acceptance Co.Supreme Court of the United States · 1934
- Chapman v. Forsyth & LimerickSupreme Court of the United States · 1844
- In the Matter of Simon Angelle, D/B/A Angelle's Lumber Co., Bankrupts. Simon Angelle v. Dr. Kenneth P. ReedCourt of Appeals for the Fifth Circuit · 1980
- In the Matter of Nancy S. Marchiando, Debtor-Appellee. Appeal of State of Illinois, Department of the LotteryCourt of Appeals for the Seventh Circuit · 1994
17 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Spring Valley Produce, Inc. v. Nathan Aaron ForrestCourt of Appeals for the Eleventh Circuit · 2022
- Recanati v. Roberts (In re Roberts)United States Bankruptcy Court, N.D. Florida · 2018
- Great Am. Ins. Co. v. Brandt (In re Brandt)United States Bankruptcy Court, S.D. Florida. · 2019
- Azalea City Credit Union v. CochranUnited States Bankruptcy Court, S.D. Alabama · 2019
- B.C. Produce, Inc. v. KaloyanidesUnited States Bankruptcy Court, D. Massachusetts · 2024
4 more not listed; retrieve them via the Exa API.