Stock Recipients Liable for Fraudulent Transfer Underpayment

Business Valuation UpdateVol. 5 No. 1
Legal and Court Case Update
January 1999

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bankruptcy
In re Colonial Realty Company; Hirsch v. Steinberg (II)
226 B.R. 513, 1998 Bankr. LEXIS 1341
September 9, 1998
US
Federal Court
Connecticut
United States Bankruptcy Court
Christopher Rahne, CPA, CFA (for trustee)<br>Charles E. Coyne (for Steinberg)<br>Timothy J. Floyd, CPA, CVA (for Steinberg)
Krechevsky

Summary

The issue was whether the transfer of stock of Danbury Surgical Center Inc. (DSC) and Bridgeport Surgical Center Inc. (BSC) by debtors Jonathan Googel and Benjamin Sisti to the defendants Gerald Steinberg and Robert Simons were fraudulent transfers under Bankruptcy Code § 548(a).

See Also

In re Colonial Realty Company; Hirsch v. Steinberg (II)

Full Text of Court Cases
September 9, 1998

The issue was whether the transfer of stock of Danbury Surgical Center Inc. (DSC) and Bridgeport Surgical Center Inc. (BSC) by debtors Jonathan Googel and Benjamin Sisti to the defendants Gerald Steinberg and Robert Simons were fraudulent transfers under Bankruptcy Code § 548(a).