Fort v. Branch Banking & Trust Co. (In re JAT Inc.)

Ruling: 
Default entered by clerk in avoidance proceeding vacated where transferee had a valid defense.
Issue: 
Should a default entered by the clerk in a fraudulent transfer proceeding be set aside or should a judgment of default enter?
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Commercial case opionion summary, case decided on March 16,2016, LexisNexis #0416-060