- 11 U.S.C.
Drew v. MAK Inv. LLC (In re Drew)
Aug
17
2006
Ruling
Purchase of title for less than reasonably equivalent value was avoidable.
Procedural posture
Plaintiff, the chapter 7 trustee, brought suit seeking to avoid the prepetition transfer of the debtor's residence to a third party purchaser under 11 U.S.C. § 548, to collect damages pursuant to state law and the common law, treble damages plus fees and costs pursuant to the New Hampshire Consumer Protection Act ("NHCPA"), N.H. Rev. Stat. Ann. § 358-A. The purchaser argued it had paid "reasonably equivalent value"for the property.
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Court
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