Kramer v. Sooklall

Decision Granting Judgment to Chapter 7 Trustee in Fraudulent Conveyance Action


Upon motion for summary judgment by a Chapter 7 Trustee and following an evidentiary hearing, the Chapter 7 Trustee was awarded judgment in a fraudulent conveyance action in which pre-filing the Debtor had sold certain real property and paid the net proceeds to the Defendant. The Defendant had claimed that the Debtor was merely his agent and that the Defendant's purported requitable interest should prevail over the Debtor's legal interest. Judgment of more than $101,000 granted. The adversary proceeding implicated New York State Debtor and Creditor Law and the avoidance provisions of the Bankruptcy Code.

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Reference Info:Decision | Federal, 2nd Circuit, New York | United States

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