Hometown 2006-1 1925 Valley View, L.L.C. v. Prime Income Asset Management, L.L.C.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

The question posed is whether contractual payments due during a required sixty-day notice period prior to termination of contractual rights here constitute “assets” under the Texas Uniform Fraudulent Transfer Act’s broad definition. We are persuaded that they do and reverse dismissal of the TUFTA claims and remand for further proceedings.

I

Prior to April 2011, Prime Income Management, LLC (“Prime LLC”) served as a contractual advisor 1 to three publicly traded real estate companies (collectively “the Publics”). 2 Prime LLC had no employees or assets. Its…