- 11 U.S.C.
Kirtley v. Stenzel (In re Rhein)
Jun
10
2013
Ruling
Investment in start-up company in exchange for commission on classic car sale for which contract did not exist was avoidable.
Procedural posture
Plaintiff chapter 7 trustee filed a complaint against defendant creditor seeking to avoid a security interest held by the creditor in estate property pursuant to 11 U.S.C.S. § 548(a)(1)(B) and seeking turnover of such property. The creditor filed motions for relief from the automatic stay and for an order of abandonment.
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Court
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