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Home / Opinion Digests / Debtor Was Fiduciary for Gas Sales (access required)

Debtor Was Fiduciary for Gas Sales (access required)

An Alexandria U.S. District Court says a bankruptcy court erred in deciding a convenience store operator’s debt to a petroleum supplier for gasoline was dischargeable; the parties’ agreement on gas sales meant debtor was acting in a fiduciary capacity when he possessed the gas sales proceeds. The bankruptcy court found that because the parties’ Gasoline Services ...

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