Williams v. FDIC (In re Positive Health Mgmt.)
Oct
16
2014
Ruling
Innocent transferees could retain payments received on loan made to a nondebtor entity less payments exceeding market rental value of property securing the loan.
Issue(s)
Whether an innocent transferee that received fraudulent transfers could, under the affirmative defense in 11 U.S.C.S. § 548(c), retain all the funds it received even though it gave less value to the debtor than it received.
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Court
:
Judge or Jurisdiction information not available