- 11 U.S.C.
Mendelsohn v. Paragon Mortg. Bankers Corp. (In re Parker)
Jan
27
2009
Ruling
Trustee could not recover from parties who aided and abetted fraudulent transfer but never came into possession of funds.
Procedural posture
A debtor filed for relief under chapter 7 of the Bankruptcy Code. Plaintiff chapter 7 trustee filed an adversary proceeding against defendants, a bank, the bank's president and his wife, and the debtor's spouse, to recover the transfer of the debtor's interest in surplus money proceeds realized from a foreclosure sale on the debtor's real property.
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Court
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