Contested Valuation of One Asset Is Moot Where All Transferred Assets Provide Reasonably Equivalent Value

Business Valuation UpdateVol. 11 No. 8
Legal and Court Case Update
August 2005

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7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
bankruptcy
bankruptcy, reasonably equivalent value
In re Jumer's Castle Lodge, Inc.
2005 Bankr. LEXIS 843
May 11, 2005
US
Federal Court
Illinois
United States Bankruptcy Court
Douglas Nelson (for creditors), Jay Seaton (for transferee defendant)
Altenberger

Summary

One of the issues in this Chapter 11 bankruptcy case was whether James Jumer, as principal stockholder of the debtor corporation, Jumer’s Castle Lodge (JCL), had caused JCL to fraudulently transfer assets.

See Also

In re Jumer's Castle Lodge, Inc.

Full Text of Court Cases
May 11, 2005

One of the issues in this Chapter 11 bankruptcy case was whether James Jumer, as principal stockholder of the debtor corporation, Jumer's Castle Lodge (JCL), had caused JCL to fraudulently transfer assets.