- 11 U.S.C.
Farmer v. Racsko (In re Racsko)
Sep
14
2011
Ruling
Transfer to debtor's former spouse for less than equivalent value was constructively fraudulent and avoidable.
Procedural posture
Adversary plaintiff, the chapter 7 trustee, brought an action against defendant debtor, averring that the debtor fraudulently transferred funds in the amount of $79,973.27 to a trust of which she was trustee, and seeking to avoid and recover the transfer pursuant to 11 U.S.C.S. §§ 548(a), 544(b)(1), and 550(a), and in conjunction with Tenn. Code Ann. § 66-3-305 (2004).
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Court
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