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Kerivan v. Frohmayer Deatherage Jamieson Moore Armosino & McGovern PC (In re Krouse Ranch Inc.)

Kerivan v. Frohmayer Deatherage Jamieson Moore Armosino & McGovern PC (In re Krouse Ranch Inc.)

Ruling
Creditors could seek avoidance of deed of trust in favor of debtor's attorneys given badges of fraud.
Procedural posture

Creditors of a bankruptcy debtor brought an adversary proceeding against defendant law firm which represented the debtor in a trial which resulted in a judgment in favor of the creditors, seeking to avoid as fraudulent under 11 U.S.C.S. § 548 a transfer of a deed of trust against the debtor's property to the firm. The firm moved for summary judgment.

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Commercial opinion summary, case decided on October 22, 2010 , LexisNexis #1210-021