Skip to main content

Anderson v. Patel (In re Diplomat Constr. Inc.)

Anderson v. Patel (In re Diplomat Constr. Inc.)

Ruling
Payments made by debtor to principals while debtor was insolvent for less than reasonably equivalent value were constructively fraudulent.
Issue(s)
Could trustee avoid transfers made to insiders within four years prior to petition date.

ABI Membership is required to access the full summary of Anderson v. Patel (In re Diplomat Constr. Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Commercial opinion summary, case decided on August 26, 2013 , LexisNexis #1113-054