Kendall v. Carbatt (In re Carbatt)

Ruling: 
Transfer of marital home to former spouse for reasonably equivalent value was not avoidable nor was subsequent transfer from former spouse to her mother.
Procedural posture: 
Chapter 7 trustee sought to avoid the prepetition transfer by debtor to defendant ex-wife of his interest in their family home and in an unsecured promissory note pursuant to 11 U.S.C. §§ 548(a) and 544(b). He also sought to recover the transfers or their value from the wife pursuant to 11 U.S.C. § 550(a)(1) and , with respect to his interest in the house, from defendant, the wife's mother, as a subsequent transferee pursuant to section 550(a)(2).
Issue: 
ABI Membership is required to access the full summary of Kendall v. Carbatt (In re Carbatt). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member