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Bakst v. United States (In re Kane & Kane)

Bakst v. United States (In re Kane & Kane)

Ruling
Tax payments by debtor partnership on behalf of partners were not fraudulent transfers.
Procedural posture

Trustee brought an adversary proceeding against defendant United States alleging that payments from a bankruptcy debtor to the government to pay the personal income taxes of the general partners of the debtor were avoidable as fraudulent transfers under 11 U.S.C.S. § 548 and state law.

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Commercial opinion summary, case decided on March 25, 2013 , LexisNexis #0413-089