Reasonably Equivalent Value Tested on Date of Transfer
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.
Valuation disregarding restrictive stock agreement upheld on appeal
A major issue in this marital dissolution was the valuation of husband’s 200 shares of stock in Pella Windows & Doors Inc.
Irby v. Irby
The major issue at the November 2000 trial was the valuation of husband's stock in Pella Windows & Doors Inc. and the effect of a restrictive stock agreement on the value.