4100 West Grand LLC v. TY Grand LLC (In re 4100 West Grand LLC)

AMENDED MEMORANDUM OPINION ON ADVERSARY PROCEEDING

JACQUELINE P. COX, Bankruptcy Judge.

This matter comes before the court on the adversary complaint (the “Complaint”) of 4100 West Grand LLC, debtor in possession (the “Debtor”) against TY Grand LLC1 (“TY Grand”) to avoid and recover a transfer alleged to be fraudulent pursuant to 11 U.S.C. §§ 544, 548 and 740 ill. Comp, stat. §§ 160/5 and 160/6. For the reasons noted herein, the court enters judgment in favor of TY Grand.

I. JURISDICTION

The jurisdiction of bankruptcy courts is limited. Bankruptcy courts have statutory authority to “hear and…