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Renn v. F.W. Fin. Servs. Inc.

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Fraudulently transferred assets could be recovered from subsequent transferee that paid less than reasonably equivalent value.
Procedural posture: 
A trustee filed an action against defendant company, pursuant to 11 U.S.C.S. § 548(a)(1)(B), to avoid the transfer of assets of the debtor to the company and to recover the value of the assets from a subsequent transferee, a limited liability company (LLC), pursuant to 11 U.S.C.S. § 550(a). After a trial, the court issued findings of fact and conclusions of law.
Issue: 
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Commercial case opionion summary, case decided on June 05,2008, LexisNexis #0708-064