- 11 U.S.C.
Hanrahan v. Walterman - The Rental Co. (In re Walterman Implement Inc.)
Sep
19
2006
Ruling
Postpetition stock transfer by corporate debtor's owner was avoidable.
Procedural posture
Plaintiff chapter 7 trustee and defendant rental company filed motions for summary judgment on the trustee's claim that the transfer by the debtor's owner of his stock in the debtor to the rental company was void in violation of the automatic stay under 11 U.S.C. § 362 and was a voidable postpetition transfer under 11 U.S.C. § 549.
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Court
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