Springel v. Prosser (In re Prosser)

Ruling: 
Debtor's transfer of multi-million dollar mansion for inadequate consideration avoided as fraudulent.
Procedural posture: 
Chapter 11 Trustee for the bankruptcy estate of a corporation commenced this adversary proceeding seeking to avoid a transfer and recover certain real property transferred by the corporation to defendants, a chapter 7 debtor and his nondebtor wife. The statutory bases for the actions were 11 U.S.C.S. §§ 544 and 550. The trustee and the debtor each moved for summary judgment.
Issue: 
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Consumer case opionion summary, case decided on October 09,2009, LexisNexis #1109-085