Peterson v. Colony Am. Fin. Lender LLC

Ruling: 
Trustee's claims to recover from the first LLC the value of the properties transferred from thedebtors to the third LLC failed as the first LLC was not an initial transferee of the properties.(Bankr. N.D. Ill.)
Issue: 
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Consumer case opionion summary, case decided on December 21,2021, LexisNexis #0222-036