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PACA Doesn’t Give Rise to Denial of Discharge for Defalcation, Chicago Judge Says

A PACA trust lacks the hallmarks of a trust, so a failure to pay a produce supplier doesn’t give rise to a nondischargeable debt for defalcation while acting in a fiduciary capacity, Judge Goldgar says.

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Opinion Link

Case Details

Case Citation

CR Adventures LLC v. Hughes (In re Hughes), 18-257 (N.D. Ill. Dec. 18, 2019)

Case Name

CR Adventures LLC v. Hughes (In re Hughes)

Case Type

Business