- 11 U.S.C.
Newton v. Sims (In re Sims)
Nov
30
2011
Ruling
Transfer for less in value than debtor paid that made debtor insolvent avoided as constructively fraudulent.
Procedural posture
Chapter 7 trustee filed an adversary proceeding against defendants, a debtor's son and daughter-in-law, seeking a determination that he could avoid a transfer the debtor made to her son seven months before she declared bankruptcy, pursuant to 11 U.S.C.S. § 548(a). The parties filed cross-motions for summary judgment.
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Court
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