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Aeon Operating, Inc., In re--Seidel v. Mercury Operating, LLC

Aeon Operating, Inc., In re--Seidel v. Mercury Operating, LLC

Ruling
Revenue sweep was an avoidable transfer as it was a transfer of an inerest of the debtor inproperty made within two years before the petition date in which debtor received less than areasonably equivalent value. (Bankr. N.D. Tex.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable Transfers; Transfers Presumed Fraudulent.

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Commercial opinion summary, case decided on October 03, 2017 , LexisNexis #1117-055