§ 550

Anderson v. Sandstone Estates LLC (In re S & W Intl Food Specialies Inc.)

Plaintiff chapter 7 trustee's filed an adversary proceeding against defendant home builder seeking to avoid a fraudulent transfer pursuant to 11 U.S.C. § 548 and to recover funds pursuant to 11 U.S.C. § 550. The home builder filed a motion for partial summary judgment contending that it was not an initial transferee under section 550(a). The Trustee filed a cross-motion for summary judgment.
Ruling: 
Transfer was deemed fraudulent, and trustee was entitled to recover from home builder, which was deemed initial transferee.
ABI Membership is required to access the full summary of Anderson v. Sandstone Estates LLC (In re S & W Intl Food Specialies Inc.). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Andreini & Co. v. Pony Express Delivery Servs.

Appellant broker challenged a decision from the District Court for the Northern District of Georgia, which affirmed a bankruptcy court's decision to grant summary judgment in favor of appellee debtor in a dispute over an alleged preferential transfer.
Ruling: 
Court reversed a district court ruling by finding that an insurance broker was not a creditor that held a debt owed and, thus, was not an initial transferee from which payments could be recovered.
ABI Membership is required to access the full summary of Andreini & Co. v. Pony Express Delivery Servs.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Pages

Subscribe to § 550