Agin v. Chambers (In re Ruel)
Oct
12
2011
Ruling
Mortgage in favor of family trust could be avoided.
Procedural posture
Plaintiff Chapter 7 trustee sought to avoid under 11 U.S.C.S. § 547(b) and preserve for the estate the transfer by the debtor to a family trust a mortgage on her home to secure payment of a promissory note. Defendants were all siblings of the debtor and at all relevant times were beneficiaries of the trust.
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Court
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