Harrison v. New Jersey Cmty. Bank (In re Jesup & Lamont Inc.)
Mar
26
2014
Ruling
Preference period transfer at direction of debtor's parent corporation to satisfy debt of parent was avoidable.
Issue(s)
Was the collateralization of a debt for the benefit of debtor's parent, shortly before the bankruptcy filings of both the parent and the subsidiary, avoidable as a fraudulent conveyance because the debtor received no consideration or as a preferential transfer to satisfy an antecedent debt?
ABI Membership is required to access the full summary of Harrison v. New Jersey Cmty. Bank (In re Jesup & Lamont Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: