New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors
PBWT
JULY 20, 2021
See, e.g., 11 U.S.C. §§ June 11, 2021). Jacobs (“Defendant”) was once the sole owner of Plaintiff but, in October 2018, had 57% of his stock redeemed for a $2,140,000 promissory note and a $1,250,000 promissory note. §§ 544, 547–48. Glove, Inc. , 21-10172-T11, 2021 WL 2405399 (Bankr.
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