Burtch v. Masiz (In re Vaso Active Pharms. Inc.)

Ruling: 
Transfers made in weeks prior to petition date while debtor was insolvent were avoidable.
Procedural posture: 
Debtor's chapter 11 avoidance action trustee, brought an adversary complaint against defendant-transferees, an officer of the debtor and a former-officer turned consultant, alleging the two received fraudulent or avoidable transfers, in violation of 11 U.S.C.S. §§ 547(b), 548(a)(1), 550, and Del. Code Ann. tit. 6, §§ 1304 and 1305. The trustee moved for partial summary judgment on the claims.
Issue: 
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Commercial case opionion summary, case decided on October 09,2012, LexisNexis #1112-022