Summary
The U.S. Court of Appeals for the 6th Circuit found that a debtor’s payment followed by a corresponding dollar-for-dollar reduction in a debt owed by a company he controlled could not be recovered as a fraudulent transfer under Bankruptcy Code sec. 548.
See Also
Charles J. Lisle, Trustee v. John Wiley & Sons, Inc.
The U.S. Court of Appeals for the Sixth Circuit found that a debtor’s payment followed by a corresponding dollar-for-dollar reduction in a debt owed by a company he controlled could not be recovered as a fraudulent transfer.