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§ 550(b)(1)

Black Elk Energy Offshore Operations, LLC, In re--Schmidt v. Rechnitz

Ruling
Bankruptcy court did not err by holding that appellants were not good faith transferees asagent’s knowledge of voidability could be imputed to debtor’s individual principals. (5th Cir.)
Issue(s)
Liability Of Transferee Of Avoided Transfer; Limitations On Trustee’s Right to

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:
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on August 14, 2024 , LexisNexis #1024-062

LuMee LLC, In re--LuMee LLC v. Fernandez

Ruling
Transfer made while debtor was insolvent could be avoided due to transferee’s lack of goodfaith. (Bankr. D. Utah)
Issue(s)
Liability Of Transferee Of Avoided Transfer; Limitations On Trustee’s Right to

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Commercial opinion summary, case decided on December 22, 2023 , LexisNexis #0224-068

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.)
Issue(s)
Could the trustee avoid and recover allegedly preferential or fraudulent transfers made by debtor's non-filing spouse?

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Consumer opinion 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.
Issue(s)
Could debtor's plan administrator recover funds transferred from debtor to debtor's original owner from the casino where the owner spent the funds?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 13, 2015 , LexisNexis #1115-023

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.
Issue(s)
Could trustee sell recovered property that had been fraudulently transferred and then liened and assigned to an entity with same ownership as debtor?

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Commercial opinion summary, case decided on June 25, 2013 , LexisNexis #0913-092

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

Ruling
Trustee could not avoid transfer by initial transferees to subsequent transferees who took title in good faith.
Procedural posture

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.

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Commercial opinion summary, case decided on March 08, 2013 , LexisNexis #0413-058

CLC Creditors Grantor Trust v. Howard Savings Bank (In re Commercial. Loan Corp.)

Ruling
Constructively fraudulent transfer for value accepted in good faith was not avoidable.
Procedural posture

Creditors' trust brought an adversary proceeding against defendant transferees of funds from a bankruptcy debtor alleging that the transfer of funds to the transferees as payment for stock in the debtor constituted an avoidable fraudulent transfer. The transferees admitted that the transfer was constructively fraudulent but asserted a defense under 11 U.S.C.S. § 550(b)(1) based on taking the transfer in good faith.

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Commercial opinion summary, case decided on April 29, 2010 , LexisNexis #0710-035