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Trustee John S. Lovald v. Myril Arch, Sr. (In re Arch)

Bankr. No.: 
98-30026
Adv. No.: 
98-3020
Chapter: 
7
Date of Decision: 
June 2, 1999
Issue: 
Whether summary judgment should be granted for Defendant on Plaintiff-Trustee's complaint for fraudulent transfer surrounding Debtor's purchase of a supper club from his father, the defendant, and a later sale of the club by Debtor?
Ruling: 
The motion was denied. A genuine issue of material fact existed on when Debtor and Defendant had a binding contract from Debtor to purchase the club from Defendant.
Full Bankruptcy Court Decision: