- 11 U.S.C.
Zimmerman v. Maney
Apr
30
2008
Ruling
Bankruptcy court properly avoided transfer of balance of proceeds of estate property sale where no abandonment had occurred.
Procedural posture
Appellants, officers of a corporation that sold property of debtors, a married couple who filed a chapter 13, challenged an order of the Bankruptcy Court for the District of Arizona granting summary judgment to the chapter 13 trustee on a claim to avoid transfer of the property to defendants, including appellants and others, and holding said parties jointly and severally liable for the proceeds thereof per 11 U.S.C.S. § 550(a)(1).
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Court
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