Legal Opinion
Burke v. McCanna (In re Czel)
United States Bankruptcy Court, D. New Mexico
Decided November 25, 1996No. Bankruptcy No. 7-91-13361 RA; Adv. No. 93-1284 RPublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
STEWART ROSE, Bankruptcy Judge.
This is a lawsuit by the trustee to recover a fraudulent conveyance pursuant to 11 U.S.C. § 548(a)(2)(A). The parties stipulated that the debtor was insolvent on the date of *780the transfer, that a transfer occurred, and that it occurred within one year before the date of the filing of the petition. The parties further stipulated that the fair market value of the property was $70,000. The only issue before the Court was whether the debtor received less than a reasonably equivalent value in exchange for the transfer under 11 U.S.C. § 548(a)(2). The…
2Cases cited8 opinions
- BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
- Albuquerque National Bank v. Albuquerque Ranch Estates, Inc.New Mexico Supreme Court · 1982
- Huckins v. RitterNew Mexico Supreme Court · 1983
- Vermillion v. Scarbrough (In Re Vermillion)United States Bankruptcy Court, D. Oregon · 1994
- McCanna v. BurkeDistrict Court, D. New Mexico · 1996
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3Cited by2 opinions
- New Horizon Enterprises, Inc. v. Contemporary Closet Design, Inc.Court of Appeals of Minnesota · 1997
- C & M Investments, L.L.C. v. Jones (In Re Jones)United States Bankruptcy Court, E.D. Virginia · 1997