The Fifth Circuit Court of Appeals has ruled that a homeowners’ association judgment for more than $30,000 against a former president for breach of fiduciary duty while in office is not dischargeable in bankruptcy. ( Whitaker v. Moroney Farms Homeowners’ Association , Fifth Cir., No. 15-40926, 3/18/16. ) The association had sued its former president for knowingly spending association funds to defend against a member’s proper request to see corporate documents, and separately for obtaining personal benefit from a contractor working for the association and obtaining reimbursement from the association for personal expenses. The case was litigated in state court, which issued a full opinion and...