Zimmerman v. Maney

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Bankruptcy court properly avoided transfer of balance of proceeds of estate property sale where no abandonment had occurred.
Procedural posture: 
Appellants, officers of a corporation that sold property of debtors, a married couple who filed a chapter 13, challenged an order of the Bankruptcy Court for the District of Arizona granting summary judgment to the chapter 13 trustee on a claim to avoid transfer of the property to defendants, including appellants and others, and holding said parties jointly and severally liable for the proceeds thereof per 11 U.S.C.S. § 550(a)(1).
Issue: 
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Consumer case opionion summary, case decided on April 30,2008, LexisNexis #0608-065