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BULLOCK v. BANKCHAMPAIGN, N.A.

No. 11-1518.

133 S.Ct. 1754 (2013)

185 L.Ed.2d 922

Randy Curtis BULLOCK, Petitioner v. BANKCHAMPAIGN, N.A.

Supreme Court of United States.

Decided May 13, 2013.

Attorney(s) appearing for the Case

Thomas M. Byrne , Atlanta, GA, for Petitioner.

Bill D. Bensinger , Birmingham, AL, for Respondent.

Curtis E. Gannon , for the United States as amicus curiae, by special leave of the Court, supporting the Respondent.

James R. Engelthaler , Thigpen, Behel, Engelthaler & Scott, Florence, AL, Sarah M. Shalf , Atlanta, GA, Thomas M. Byrne , Counsel of Record, Sutherland Asbill & Brennan LLP, Atlanta, GA, for Petitioner.

Justice BREYER delivered the opinion of the Court.

Section 523(a)(4) of the Federal Bankruptcy Code provides that an individual cannot obtain a bankruptcy discharge from a debt "for fraud or defalcation while acting in a fiduciary capacity, embezzlement, or larceny." 11 U.S.C. § 523(a)(4). We here consider the scope of the term "defalcation." We hold that it includes a culpable state of mind requirement akin to that which accompanies application of the other...

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