International Fidelity Insurance v. Fox

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that defalcation occurs when the trust funds are “used on any purpose for which it is not intended,” thereby payments for equipment costs, employee burden, job support costs, and general and administrative expenses constituted a defalcation of trust funds
• where -23- 1 misappropriation forms the basis for a defalcation claim, only 2 that portion of the trust res inappropriately expended is 3 nondischargeable, citing Matter of Thomas, 729 F.2d 502 (7th Cir. 4 1984)

Source: CourtListener parenthetical corpus (CC0).