Holahan v. Lewis

CARSWELL, Chief Judge.

Trustee in bankruptcy brought this proceeding to set aside a transfer from Gulf Securities of Louisiana, Inc., (hereafter referred to as the corporation) to H. Mack Lewis, the defendant, urging the application of Title 11 United States Code Annotated, § 107 sub. d(2) (a), which provides that “Every transfer made and every obligation incurred by a debtor within one year prior to the filing of a petition initiating a proceeding under this title by or against him is fraudulent (a) as to creditors existing at the time of such transfer or obligation, if made or incurred…