Debts created by larceny or embezzlement by the debtor while acting in a fiduciary capacity are _____.

Question

Quizplus · Accepted Answer

Certain debts are not affected by the discharge of a bankrupt debtor. The Bankruptcy Code provides that a discharge in bankruptcy releases a debtor from all provable debts except for those that were created by the debtor's larceny or embezzlement or by the debtor's fraud while acting in a fiduciary capacity.

Debts Created by Larceny or Embezzlement by the Debtor While