Another Court Holds that PACA Trusts Do Not Give Rise to Nondischargeable Debts
Violating a PACA trust does not result in ‘defalcation while acting in a fiduciary capacity’ that makes a debt nondischargeable, Bankruptcy Judge Panos says, taking sides with the Eleventh Circuit.
Court:
How a Promising Vertical Farm in Pennsylvania Ended Up in Bankruptcy
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Agriculture Issues: Secret Liens, Food Security Act
Till Doesn’t Require Starting with the Prime Rate, Eighth Circuit Says
The Treasury rate and prime rate are both proper starting points for pegging post-petition interest rates, but starting with Treasurys requires a larger risk premium.
Court:
Biden Wants to Aid Farmers in Dealing With Meat, Poultry Processors
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Eleventh Circuit Holds that PACA Trusts Do Not Give Rise to Nondischargeable Debts
Violating a PACA trust does not result in ‘defalcation while acting in a fiduciary capacity’ that makes a debt nondischargeable, the Eleventh Circuit held in upholding Bankruptcy Judge Roberta Colton.
Court:
Produce Delivery Debts Not Exempted from Bankruptcy Discharge - 11th Circuit
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America’s Snarled Railroads Are the Latest Hit to Farmers
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