Reasonably Equivalent Value Tested on Date of Transfer

Business Valuation Update BVLaw
Legal and Court Case Update
August 17, 2006

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bankruptcy
Charles J. Lisle, Trustee v. John Wiley & Sons, Inc.
No. 05-5744 (6th Cir. 2006), unpublished
US
Federal Court
6th Circuit
United States Court of Appeals
Graham

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.

Full Text of Court Cases
August 17, 2006

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.