Dunlap v. K.L. Properties LLC (In re Wasp Precision Mach. Inc.)
May
01
2008
Ruling
Transfer of proceeds of auction of debtor's equipment machinery from original seller of assets to LLC to pay back rent was avoidable.
Procedural posture
Plaintiff, a chapter 7 trustee, filed an action against defendant, a limited liability company (LLC), for the return of funds paid to the LLC, pursuant to 11 U.S.C.S. § 547(b). The court issued findings of fact and conclusions of law.
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Court
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