Bankruptcy trustee failed to demonstrate that debtor bank was insolvent at the time it transferred assets or that the transfers left the bank with an unreasonably small amount of capital, and thus failed to meet his burden of proof on preference and fraudulent conveyance actions.
Date of the decision: 12/27/07
Full opinion click here.
Saturday, January 12, 2008
Prime Realty, Inc., Debtor, James Killips, Chapter 11 Trustee, Plaintiff-Appellants v. Robert C. Schropp, RCS Sons, Inc., and Leo Dahlke, Defendants
Posted by Rachel Lynn Foley at 6:45 AM
Labels: 8th Circit BAP, burden of proof, insolvent, preference and fraudulent conveyance
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment