- 11 U.S.C.
Takena USA LLC v. Fisher
Aug
31
2006
Ruling
Bankruptcy court properly appointed receiver in case involving allegedly fraudulent transfers of intangible assets.
Procedural posture
Appellee chapter 7 trustee filed an application in the bankruptcy court for appointment of a receiver to monitor the operations of appellant, the purchaser of assets that had belonged to a chapter 7 debtor. The bankruptcy court granted the application and waived the bond requirement under 735 Ill. Comp. Stat. 5/2-415(a). The purchaser appealed.
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Court
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