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BANKRUPTCY

Does a judgment against a debtor for breaching the terms of a trust constitute “defalcation” under the Bankruptcy Code and therefore disqualify that debt from a bankruptcy discharge? See “Justices take up bankruptcy misconduct case.” Bullock v. BankChampaign, No. 11-1518 .Certiorari granted:  Oct. 29, 2012. Ruling below: 670 F.3d 1160 (11th Cir. 2012).