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Bankruptcy

: The Debt Podcast

Appeals Court Holds More Than Mere ?Mistake? Required for Imposition of Constructive Trust; Bankruptcy Trustee Entitled to Mistaken $90,000 Deposit into Debtor?s Account

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The Eighth Circuit Bankruptcy Appellate Panel recently reversed a Minnesota bankruptcy court’s ruling that under Minnesota law, a chapter 7 trustee was not entitled to $90,000 which had been mistakenly deposited by a bank president into the debtor’s bank account before he filed bankruptcy.  The bankruptcy court had ruled that because the deposit was a mistake, [...]

Full post as published by The Debt Podcast on June 12, 2009 (boomark / email).

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