Legal Opinion
GGI Props., LLC v. City of Millville (In re GGI Props., LLC)
United States Bankruptcy Court, D. New Jersey
Decided June 6, 2018No. Case No.: 16-14328-ABA; Adv. No.: 16-1202-ABAPublishedCited by 2 opinions
1Opinion of the Court
Andrew B. Altenburg, Jr., United States Bankruptcy Judge
I. INTRODUCTION
This court previously determined that a transfer of property to a municipality pursuant to a tax sale and foreclosure, where there was no competitive bidding, can constitute a fraudulent conveyance under 11 U.S.C. § 548(a)(1)(B), not barred by the United States Supreme Court's holding in BFP v. Resolution Trust Corp., 511 U.S. 531, 114 S.Ct. 1757, 128 L.Ed.2d 556 (1994). In re GGI Properties, LLC, 568 B.R. 231 (Bankr. D.N.J. 2017). The court additionally concluded that the transfer could constitute an avoidable preference…
2Cases cited48 opinions
- BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
- United States v. CartwrightSupreme Court of the United States · 1973
- Director, Office of Workers' Compensation Programs v. Greenwich CollieriesSupreme Court of the United States · 1994
- J. W. Durrett, Sr. v. The Washington National Insurance Co.Court of Appeals for the Fifth Circuit · 1980
- Thiedemann v. Mercedes-Benz USA, LLCSupreme Court of New Jersey · 2005
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3Cited by2 opinions
- Heidt v. BVOO1 Reo Blocker LLCUnited States Bankruptcy Court, D. New Jersey · 2021
- SB BUILDING ASSOCIATES LIMITED PARTNERSHIP v. ATKINSONDistrict Court, D. New Jersey · 2020