Springel v. Prosser (In re Prosser)

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.
ABI Membership is required to access the full summary of Springel v. Prosser (In re Prosser). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on October 09,2009, LexisNexis #1109-085