Clark v. Bank of Bentonville

Donald L. Corbin, Justice.

This case arises out of appellants Jack and Norma Clark’s conveyance of real property in Benton County, Arkansas, to appellant Gary Clark, trustee of the Jack M. Clark trust. The warranty deed conveying the property was executed on April 14,1986, and was filed for record on May 9, 1986. On January 7, 1987, appellee Bank of Bentonville, a creditor of Jack and Norma Clark, filed this action, along with lis pendens notice, to set aside the transfer as a fraudulent conveyance.

On August 10,1987, appellants Jack and Norma Clark filed a Chapter 7 bankruptcy petition in…