Legal Opinion
In Re Asia Global Crossing, Ltd.
United States Bankruptcy Court, S.D. New York
Decided June 16, 2006No. 18-13572PublishedCited by 14 opinions
1Opinion of the Court
OPINION AND ORDER GRANTING MOTION FOR PARTIAL SUMMARY JUDGMENT
STUART M. BERNSTEIN, Chief Bankruptcy Judge.
Section 273 of the New York Debtor & Creditor Law (“NYDCL”), available to a trustee through 11 U.S.C. § 544(b), permits the trustee to avoid a constructively fraudulent obligation. The issue presented by the pending motion is whether the trustee can object to a proof of claim based on a “fraudulent obligation” where the statute of limitations has run on the avoidance claim and 11 U.S.C. § 502(d) is inapplicable. For the reasons that follow, the Court concludes that the defense is not…
2Cases cited23 opinions
- Hibbs v. WinnSupreme Court of the United States · 2004
- Doe v. ChaoSupreme Court of the United States · 2004
- Mencher v. WeissNew York Court of Appeals · 1953
- In Re Image Worldwide, Ltd., Debtor. David P. Leibowitz, Chapter 7 Trustee v. Parkway Bank & Trust Co.Court of Appeals for the Seventh Circuit · 1998
- Rubin v. Manufacturers Hanover Trust Co.Court of Appeals for the Second Circuit · 1981
18 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Fairfield Sentry Ltd. v. Theodoor GGC Amsterdam (In re Fairfield Sentry Ltd.)United States Bankruptcy Court, S.D. New York · 2018
- 45 John Lofts, LLC v. Meridian Capital Grp. LLC (In re 45 John Lofts, LLC)United States Bankruptcy Court, S.D. New York · 2019
- In Re Worldcom, Inc.United States Bankruptcy Court, S.D. New York · 2008
- United States v. DupreeDistrict Court, E.D. New York · 2013
- In re Dreier LLPUnited States Bankruptcy Court, S.D. New York · 2016
9 more not listed; retrieve them via the Exa API.