- 11 U.S.C.
Twentieth Century Land Corp. v. Landmark North Freeway Ltd. (In re Bill Heard Enters. Inc.)
Sep
11
2009
Ruling
Transfer of interest in real property from partnership to bank and LLC avoided where warranty deed from debtor to partnership was never recorded.
Procedural posture
Chapter 11 debtor filed an adversary proceeding against defendants, a Texas limited partnership and others, seeking an order avoiding a pre-petition transfer of an interest in real property pursuant to 11 U.S.C.S. § 544(a)(3). The debtor amended its complaint to add a bank as a defendant, and the bank filed counterclaims against the debtor. The debtor and the bank filed cross- motions for summary judgment.
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Court
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