Bankr. No.:
97-30004
Adv. No.:
99-3001
Chapter:
7
Date of Decision:
June 19, 2000
Issue:
Whether Debtor's transfer of its real property pre-petition to a cousin of a partner and his wife was fraudulent or preferential?
Ruling:
Transfer was deemed fraudulent under state law and 11 U.S.C. ยง 544(b)(1). The buyers were ordered to return to the estate the value of the transferred property. Court did not reach any preferential transfer question.
Full Bankruptcy Court Decision:
