Bankr. No.:
02-40922
Adv. No.:
04-4052
Chapter:
7
Date of Decision:
August 4, 2005
Issue:
Whether Plaintiff-Trustee’s motion for summary judgment should be granted regarding alleged constructively fraudulent transfer of $61,000 from Debtor to Defendant J.L.B. Equities, Inc.?
Ruling:
The Court granted Plaintiff-Trustee’s motion in part and denied it in part. Court found there were no material facts in dispute regarding whether Debtor was insolvent on the date of the transfer. A trial, however, will be held under § 548(a)(1)(B)(i) to determine whether Defendants gave Debtor something reasonably equivalent in value for the $61,000.
Full Bankruptcy Court Decision:
