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Sarachek v. Twin City Poultry (In re Agriprocessors Inc.)

Sarachek v. Twin City Poultry (In re Agriprocessors Inc.)

Ruling
Transfers for which debtor received reasonably equivalent value were not constructively fraudulent.
Procedural posture

Chapter 7 trustee brought an action against defendant seeking to avoid and recover alleged preferential transfers to an insider under 11 U.S.C.S. § 547(b) and fraudulent conveyances under 11 U.S.C.S. § 548 that defendant received from the debtor. Defendant moved for summary judgment and the Trustee moved for partial summary judgment as to defendant's insider status.

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Commercial opinion summary, case decided on April 03, 2013 , LexisNexis #0513-059