Official Committee of Unsecured Creditors v. Western United Life Assur. Co. (In re Tri-Valley Distrib. Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Avoidance of transfers to lender denied on good faith grounds.
Procedural posture: 
All parties moved for summary judgment on claims in an adversary proceeding challenging, as fraudulent conveyances, transfers of interests in property to defendant life assurance company (Lender), which had financed transactions involving debtors, a non-filing affiliate thereof, and a third party. When the loan defaulted, Lender sold the property that comprised collateral, the proceeds of which were escrowed pending final judgment herein.
Issue: 
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Commercial case opionion summary, case decided on June 16,2011, LexisNexis #0711-104