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Fiduciary Duties in Bankruptcy and Insolvency

The Oxford Handbook of Fiduciary Law, (Evan J. Criddle, Paul B. Miller, and Robert H. Sitkoff, Eds.), (2018) Forthcoming

U of Michigan Law & Econ Research Paper No. 17-014

U of Michigan Public Law Research Paper No. 566

23 Pages Posted: 7 Sep 2017 Last revised: 14 Nov 2017

John A. E. Pottow

University of Michigan Law School

Date Written: September 1, 2017

Abstract

Although discussed nowhere in the U.S. Bankruptcy Code, fiduciary duties play a central role in guiding the administration of an insolvent debtor's assets. This book chapter explores the fiduciary obligations of trustees (including DIPs) under both statute and common law, with a special focus on the intrinsic conflicts that arise within the "menagerie of heterogeneous creditors" that constitute the claimants of a bankruptcy estate.

JEL Classification: K2, K3

Suggested Citation

Pottow, John A. E., Fiduciary Duties in Bankruptcy and Insolvency (September 1, 2017). The Oxford Handbook of Fiduciary Law, (Evan J. Criddle, Paul B. Miller, and Robert H. Sitkoff, Eds.), (2018) Forthcoming ; U of Michigan Law & Econ Research Paper No. 17-014; U of Michigan Public Law Research Paper No. 566. Available at SSRN: https://ssrn.com/abstract=3032615

John Pottow (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-3736 (Phone)

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