Anderson v. Sandstone Estates LLC (In re S & W Intl Food Specialies Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Transfer was deemed fraudulent, and trustee was entitled to recover from home builder, which was deemed initial transferee.
Procedural posture: 
Plaintiff chapter 7 trustee's filed an adversary proceeding against defendant home builder seeking to avoid a fraudulent transfer pursuant to 11 U.S.C. § 548 and to recover funds pursuant to 11 U.S.C. § 550. The home builder filed a motion for partial summary judgment contending that it was not an initial transferee under section 550(a). The Trustee filed a cross-motion for summary judgment.
Issue: 
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