DeAngelis v. Rose (In re Rose)

Ruling: 
Payment of older creditors with proceeds of numerous high interest loans obtained during preference period was fraudulent and grounds for denial of discharge.
Procedural posture: 
Plaintiff, the acting United States trustee, brought an adversary complaint objecting to the debtor's discharge pursuant to 11 U.S.C.S. § 727(a)(2)(A). The debtor was alleged to have violated § 727(a)(2)(A) through a series of loan agreements he entered into with private individuals during the one year pre-petition period where he was insolvent.
Issue: 
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Consumer case opionion summary, case decided on March 12,2010, LexisNexis #0610-023