Horwitz v. Montroy (In re Select Tree Farms Inc.)

Jul

2015

11 U.S.C.
- § 550
- § 550(a)

Ruling:

Trustee's recovery from attorney, as initial transferee of postpetition assets, limited to payments the attorney made to himself.

Issue:

What is the extent to which an attorney has become an initial transferee of funds deposited into his trust account from the post-petition assets of a chapter 11 debtor?

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Court: Western District of New York ( Bucki ) [ Bankruptcy Court ]

Commercial case opionion summary, case decided on July 17,2015, LexisNexis #0815-121