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Redmond v. SpiritBank (In re Brooke Corp.)

Redmond v. SpiritBank (In re Brooke Corp.)

Ruling
Summary judgment in avoidance proceeding denied due to issue of fact over whether reasonably equivalent value was received by debtor.
Issue(s)
In an adversary proceeding in which a chapter 7 trustee sought to avoid certain transfers from debtor to a bank under 11 U.S.C.S. §§ 548 or 547 or state law, and to recover the avoided transfers under 11 U.S.C.S. § 550, whether either party was entitled to summary judgment.

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Consumer opinion summary, case decided on January 26, 2015 , LexisNexis #0215-094