Avoidance - Transferee's encumbrance of property following fraudulent transfer supported money judgment against her. An appropriate remedy, in a strong-arm fraudulent transfer avoidance proceeding in which the relative to whom a Chapter 7 debtor fraudulently transferred her residence took out a second deed of trust on the residence following the transfer, thereby stripping the property of the $50,000 equity that debtor possessed at the time of transfer, was entry of money judgment against relative for this lost equity, but after first crediting the relative for any portion of the deed of trust proceeds that the relative could establish were used for the debtor's benefit
Saturday, December 8, 2007
In re Tarangelo -
Posted by Rachel Lynn Foley at 7:51 PM
Labels: avoidance, fraudulent transfer, VAEB
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