On September 18, 2014, WCS attorneys Mike Stover and Jason Potter will present their paper, entitled “New Standards Affecting The Surety’s Use of Section 523 – Non-Dischargeability in Bankruptcy,” at the 25th Annual Northeast Surety and Fidelity Claims Conference in Atlantic City, New Jersey.

The paper discusses a recent Supreme Court case that defines the term “defalcation” as an exception to discharge in bankruptcy. The paper also reviews the historical disagreements about the term’s definition and how the Supreme Court resolved those disagreements, as well as what the case will mean for the surety industry going forward.