§ 550(b)

Adamo, In re--Pergament v. Hofstra Univ.

Ruling: 
Debtor’s tuition payments on behalf of children were not avoidable where universities werethe subsequent transferees of the payments. (Bankr. E.D.N.Y.)
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Consumer case opionion summary, case decided on May 19,2020, LexisNexis #0720-019

Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Ruling: 
Madoff trustee's motion to propose second amended complaint was denied as he failed toplead that defendants turned a blind eye to debtor's highly probable fraud. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on January 23,2020, LexisNexis #0320-017

Desmond v. Am. Express Centurion Bank, Inc. (In re Callas)

Ruling: 
Payments on antecedent credit card debt accepted in good faith were not avoidable. (Bankr.N.D. Ill.)
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Consumer case opionion summary, case decided on September 28,2016, LexisNexis #1016-092

Brandt v. Horseshoe Hammond LLC (In re Equip. Acquisition Res. Inc.)

Ruling: 
Transfers of debtor's property by debtor's owner to casino properly held not to be avoidable pursuant to good faith defense.
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Commercial case opionion summary, case decided on October 13,2015, LexisNexis #1115-023

Stiles v. Robbins (In re Robbins)

Ruling: 
Transfers to subsequent transferees who accepted in good faith for value were not avoidable.
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Consumer case opionion summary, case decided on August 21,2015, LexisNexis #0915-059

Infinity Real Estate Invs. LLC v. Roach (In re J.T. Real Estate Invs. LLC)

Ruling: 
Trustee could recover from lienholders whose actions were part of "washing" of fraudulent transfers through third parties.
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Commercial case opionion summary, case decided on June 25,2013, LexisNexis #0913-092

Cage v. GDH Intl Inc. (In re Great Gulfcan Energy Tex. Inc.)

Plaintiff bankruptcy trustee brought an adversary proceeding against defendant transferee of real property seeking to recover the value of the property which a bankruptcy debtor transferred to its former principal for no consideration, who then transferred the property to the transferee in partial satisfaction of a judgment. The trustee and the transferee cross-moved for summary judgment.
Ruling: 
Trustee could not avoid transfer by initial transferees to subsequent transferees who took title in good faith.
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Commercial case opionion summary, case decided on March 08,2013, LexisNexis #0413-058

Moser v. Najafi (In re Goushey)

Trustee brought an adversary proceeding against defendant transferee of funds from a bankruptcy debtor to satisfy a debt of the debtor's former spouse, seeking to recover the funds as an unauthorized postpetition transfer of estate property from the debtor's undisclosed settlement of a lawsuit. The trustee and the transferee cross-moved for summary judgment.
Ruling: 
Transferee who received undisclosed settlement check from debtor's lawyer, delivered by debtor, was an initial transferee and transfer could be avoided.
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Consumer case opionion summary, case decided on June 17,2011, LexisNexis #0811-028

Goldman v. Capital City Mortgage Corp. (In re Nieves)

Chapter 7 trustee obtained consent orders avoiding initial and second transfers of the debtor's property, and after trial, obtained a judgment avoiding a third transfer to defendant mortgagee on a finding that it did not show it took for value, in good faith, and without knowledge of the voidability of the transfer under 11 U.S.C.S. § 550(b). The U.S. District Court for the District of Maryland affirmed. The mortgagee appealed.
Ruling: 
Bankruptcy court properly avoided transfer that transferee, who was willfully ignorant of voidability, did not take in good faith.
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Court: 4th Circuit ( ) [ Circuit Court ]
Consumer case opionion summary, case decided on June 10,2011, LexisNexis #0711-021

Kapila v. IRS (In re ATM Fin. Servs. LLC)

Plaintiff Chapter 7 trustee filed a complaint against defendant, the Internal Revenue Service (IRS), seeking to avoid an alleged fraudulent transfer from a debtor to the IRS pursuant to 11 U.S.C.S. § 548. The trustee filed two motions for partial summary judgment. In response, the IRS filed a cross motion for summary judgment, raising the good faith defense provided to secondary or intermediate transferees under 11 U.S.C.S. § 550(b).
Ruling: 
Fraudulent transfer by debtor Ponzi scheme operator to IRS on behalf of second company it owned could not be avoided as IRS was not the initial transferee.
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Consumer case opionion summary, case decided on March 01,2011, LexisNexis #0311-129

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