Adam Brown | Bloomberg LawIn Re Falzerano, No. 11-bk-6036, 2011 BL 206904 (8th Cir. Aug. 10, 2011) The United States Court of Appeals for the Eighth Circuit affirmed a bankruptcy court's decision denying a bankruptcy trustee's claim seeking turnover under 11 U.S.C. § 542, holding that the trustee's unjust enrichment claim against the owners of cattle managed by the debtor did not qualify as either property or a debt belonging to the estate.
Trustee's Unjust Enrichment Claim
Section 542(b) Does Not Govern Unjust Enrichment Claims
Eighth Circuit Affirms Bankruptcy Court's Ruling
To view additional stories from Bloomberg Law® request a demo now