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The Seventh Circuit affirms the bankruptcy court's order finding that the debtor's prepetition ransfer of a farm to the defendant was a fraudulent transfer subject to avoidance.
The Seventh Circuit affirms the bankruptcy court's order
finding that the debtor's prepetition transfer of a farm to the
defendant was a fraudulent transfer subject to avoidance. The
debtor transferred the farm in exchange for the defendant's
agreement to abandon litigation he had brought against the debtor.
The bankruptcy court found that the debtor did not receive
reasonably equivalent value in exchange for the farm. Opinion
below.
Per Curiam
Defendant: Pro Se
Attorney for Trustee: Brenda L. Zeddun
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