Fourth Circuit Follows Pre-Code Law Despite Contrary Legislative History
A bank deposit is only a substitution, not a transfer of property, circuit holds.
Court:
Benchnotes March 2017
Journal Issue:
BAP Gives Trustee a Heavy Burden to Prove Fraudulent Exemption Planning
Amendments in 2005 didn’t result in a cakewalk for a trustee aiming to reduce a homestead exemption.
Court:
Recent Updates to the Uniform Fraudulent Transfer Act
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Judge Bonapfel Sides with Fifth Circuit on ‘Equivalent Value’ in Ponzi Schemes
Innocent suppliers to Ponzi schemes are given protection from fraudulent transfer claims.