Locke v. Old Crocker Inn Road LLC (In Levy)
Dec
19
2007
Ruling
Transfer from debtors'trust to LLC for no consideration was fraudulent.
Procedural posture
Plaintiff trustee filed an adversary proceeding seeking avoidance of the transfer of funds by the debtors from their trust to defendant limited liability company ("LLC") as a fraudulent transfer, a declaration that the bankruptcy estate had equitable ownership of their property, and a judgment that the LLC be wound up and liquidated.
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Court
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