- 11 U.S.C.
A.W. Lawrence & Co. v. Burstein (In re A.W. Lawrence & Co.)
May
04
2006
Ruling
Court deemed that transfer was not fraudulent since debtor had no interest in payment as temporary holder of check.
Procedural posture
Plaintiff bankruptcy debtor sought to avoid as fraudulent a transfer of funds by check to defendant judgment creditor of a principal of the debtor, pursuant to 11 U.S.C. § 548. Judgment was entered in favor of the debtor, but the case was remanded from the district court for a determination of whether the debtor had an interest in the payment to the creditor.
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Court
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