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Can the chapter 7 bankruptcy trustee recover property transferred from the debtor divorced wife to her parents on fraudulent transfer grounds where the property transferred would have been exempt under state law?
3 Oct 2017, 7:24 am by jameswilson29@gmail.com
Welsch, 457 B.R. 748 (B.A.P. 8th Circuit, 2011), (In re: Mary Lumbar, Case No: 11-6018), the bankruptcy appellate panel for the Eighth Circuit Court of Appeals rejected the “no harm, no foul” rule and held that the debtor ex-wife might have fraudulently transferred property to her parents, even though the property would have been exempt under state law. [read post]
The Interplay Between Bankruptcy and Divorce Law in Virginia - http://bankruptcydivorceblawg.com
Can the chapter 7 bankruptcy trustee recover property transferred from the debtor divorced wife to her parents on fraudulent transfer grounds where the property transferred would have been exempt under state law?
22 Apr 2012, 12:30 pm by admin
Welsch, 457 B.R. 748 (B.A.P. 8th Circuit, 2011), (In re: Mary Lumbar, Case No: 11-6018), the bankruptcy appellate panel for the Eighth Circuit Court of Appeals rejected the “no harm, no foul” rule and held that the debtor ex-wife might have fraudulently transferred property to her parents, even though the property would have been exempt under state law. [read post]
The Interplay Between Bankruptcy and Divorce Law in Virginia - http://bankruptcydivorceblawg.com