Dietz v. Langlie (In re Farr)
Jun
08
2009
Ruling
Repayment of funds mistakenly paid to debtor contractor by creditor's bank could be avoided.
Procedural posture
Plaintiff appealed from a judgment of the bankruptcy court for the District of Minnesota, which held that funds previously held in the debtor's bank account were held subject to a constructive trust in favor of defendant creditor. The trustee argued that the funds were an asset of the debtor and that the pre-bankruptcy payment of the funds to the creditor was a preferential or fraudulent transfer.
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Court
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Judge or Jurisdiction information not available