- 11 U.S.C.
Rieser v. Hayslip (In re Canyon Sys. Corp.)
Mar
31
2006
Ruling
Transfers were deemed avoidable since they were made with actual intent to hinder, delay, or defraud creditors.
Procedural posture
Plaintiff chapter 7 trustee filed an adversary proceeding against several defendants, who were former investor clients of the debtor, seeking to avoid transfers from the debtor under both 11 U.S.C. § 548 and the Ohio Uniform Fraudulent Transfers Act ("UFTA") (exercising his "strong-arm" powers under 11 U.S.C. § 544(b)). The parties filed cross-motions for partial summary judgment.
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Court
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