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Blacksmith Invs. LLC v. Woodford (In re Woodford)

Blacksmith Invs. LLC v. Woodford (In re Woodford)

Ruling
Debtor's admitted fraudulent transfer of company assets to new company did not give rise to nondischargeable debt.
Procedural posture

Creditor filed an adversary complaint to except from the bankruptcy discharge, pursuant to 11 U.S.C.S. § 523(a)(2)(A), debtor's obligation relating to an agreement for judgment. The creditor objected to the debtor's exemption of a retirement annuity under Mass. Gen. Laws ch. 235, § 34A.

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Consumer opinion summary, case decided on April 13, 2009 , LexisNexis #0609-081