- 11 U.S.C.
Sullivan v. Schultz (In re Schultz)
May
14
2007
Ruling
Transfer of disabled debtor's inheritance into special needs trust was not avoidable.
Procedural posture
Plaintiff chapter 7 trustee brought a complaint seeking to avoid the transfer of debtor's inheritance from her grandmother into a special needs trust as a fraudulent transfer pursuant to 11 U.S.C. § 548, to recover the transfer from the special needs trustee pursuant to 11 U.S.C. § 550(a). The issue was whether debtor received reasonable equivalent value, for purposes of 11 U.S.C. § 548(a)(1)(B).
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Court
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