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Ferrara v. Soscia (In re Hill)

Ferrara v. Soscia (In re Hill)

Ruling
Transfer for no consideration while debtor was insolvent within two years of petition date was avoidable.
Procedural posture

Plaintiff chapter 7 trustee filed a complaint against defendant transferee pursuant to the Rhode Island Uniform Fraudulent Transfer Act, R.I. Gen. Laws § 6-16-1 et seq., and 11 U.S.C.S. §§ 548 and 550 seeking to avoid a transfer of property by a debtor to the transferee, her mother. The trustee moved for summary judgment.

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Consumer opinion summary, case decided on June 01, 2012 , LexisNexis #0612-127