- 11 U.S.C.
Stettin v. Adler (In re Rosenfeldt)
Dec
14
2010
Ruling
Admissions by debtor's principal established that payments to transferees were made in furtherance of Ponzi scheme and were avoidable.
Procedural posture
Plaintiff Chapter 11 trustee filed an adversary proceeding against defendants, a husband and wife, seeking a determination that payments defendants received from a law firm that declared Chapter 11 bankruptcy were avoidable under 11 U.S.C.S. § 548(a)(1)(A) and Fla. Stat. § 726.105(1)(A). The trustee filed a motion for summary judgment on Counts I and III of his amended complaint, and defendants filed a cross-motion for summary judgment.
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Court
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