Meoli v. Huntington Natl Bank (In re Teleservices Group Inc.)
Mar
17
2011
Ruling
Good faith defense to avoidance failed where transferee bank did not conduct itself appropriately.
Procedural posture
Chapter 7 trustee filed an action against defendant, a creditor bank, to recover fraudulent transfers the bank allegedly received either directly from the debtor or indirectly through a related company. The bank asserted its good faith under both 11 U.S.C.S. §§ 548(c) and 550(b)(1).
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Court
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