Bankr. No.:
05-40950
Adv. No.:
05-4076
Chapter:
7
Date of Decision:
May 15, 2006
Issue:
Whether Debtors’ transfer of certain real estate should be avoided as a constructively fraudulent transfer under 11 U.S.C. § 548(a)(1)(B)?
Ruling:
Debtor received less than a reasonably equivalent value for the real estate and was insolvent on the date of the transfer. The transfer was therefore avoided under 11 U.S.C. § 548(a)(1)(B).
Full Bankruptcy Court Decision:
