- 11 U.S.C.
Crumpton v. Stephens (In re Northlake Foods Inc.)
May
06
2013
Ruling
Debtor's S-corporation election constituted reasonably equivalent value for transfer.
Procedural posture
Bankruptcy trustee filed a complaint claiming that a transfer to shareholder was a fraudulent transfer subject to avoidance and recovery by the trustee. The bankruptcy court ruled that the shareholder was entitled to judgment on the pleadings. The bankruptcy court dismissed the trustee's amended complaint. The U.S. District Court for the Middle District of Florida affirmed the bankruptcy court's orders. The trustee appealed.
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Court
:
Judge or Jurisdiction information not available