Montreal, Maine & Atlantic Railway, Ltd., In re--Keach v. Wheeling & Lake Erie Railway Co.

Ruling: 
Court concluded that the proceeds of a multi-million-dollar sale of railroad lines did not constitute property of the bankruptcy estate as the lines were not assets that belonged outright to the debtor prior to consummation of the relevant transactions. (1st Cir.)
Issue: 
Trustee as Lien Creditor and as Successor to Certain Creditors and Purchasers; Extent of Trustee’s Avoidance Powers.
Court: Judge or Jurisdiction information not available
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Commercial case opionion summary, case decided on April 18,2018, LexisNexis #0518-105