GGI Props., LLC, In re--GGI Props., LLC v. City of Millville

Ruling: 
Transfer could be avoided as it was determined fraudulent where there had been transfer of property to a municipality within 2 years before the date of the filing of the petition, which debtor did not receive reasonably equivalent value, and at the time of the transfer, debtor was or became insolvent. (Bankr. D.N.J.)
Issue: 
Fraudulent Transfers and Obligations.
ABI Membership is required to access the full summary of GGI Props., LLC, In re--GGI Props., LLC v. City of Millville. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on June 06,2018, LexisNexis #0718-048