- 11 U.S.C.
Boyer v. Belavilas
Jan
05
2007
Ruling
Transfer of insurance proceeds to minor childrens'trust and then to entities controlled by debtor was recoverable.
Procedural posture
Appellants, a mother and two minor children, appealed from the District Court for the Northern District of Indiana, which affirmed the bankruptcy judge's order holding making the mother, father, and children jointly and severally responsible for paying $183,130 to the bankruptcy estate from custodial accounts established under the Uniform Transfers to Minors Act ("UTMA"). Appellee trustee opposed the appeal.
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