Kapila v. WLN Family Ltd. Pship (In re LeNeve)

Pre 2005-Act: 
Pre 2005-Act
Fraudulent transfer claims were dismissed since debtor received value in making transfers and was repaying investor with no shown fraudulent intent.
Procedural posture: 
Plaintiff chapter 7 trustee, having established that debtor fraudulently operated numerous businesses as instrumentalities and alter egos of himself, completely disregarding the legal status thereof, sought to recover a total of $957,215 in purportedly fraudulent transfers received by defendant, an investor in debtor's schemes, pursuant to 11 U.S.C. § 548(a)(1)(A) and Fla. Stat. § 726.105(1)(a)
ABI Membership is required to access the full summary of Kapila v. WLN Family Ltd. Pship (In re LeNeve). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member