Bankruptcy

The Chapter 11 Debtor brought eight or more adversary proceedings against various individuals and entities who allegedly received fraudulent transfers from the debtor corporation or its former officer and director. An action was also maintained against the corporation’s accountants. The various defendants alleged that the transfers were loans to officers, banned by laches and applicable limitation periods and that the transfers were not from the company but from the former officer directly.

This entry was written by Margy Van Winkle, posted on January 8, 2011 at 3:43 pm, filed under Bankruptcy and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

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