Reinbold v. Morton Community Bank (In re Mid-Illini Hardwoods, LLC)
United States Bankruptcy Court, C.D. Illinois
1Opinion of the Court
OPINION
Thomas L. Perkins, United States Bankruptcy Judge
This matter is before the Court on cross-motions for summary judgment on the complaint filed by Jeana K. Reinbold (the “Trustee”), against Morton Community Bank (MCB). Ms. Reinbold is serving as the Trustee in the Chapter 7 bankruptcy case filed by Mid-Illini Hardwoods, LLC (the “Debtor”). She filed suit against MCB to avoid and recover ten payments made by the Debtor to MCB between November 5, 2010, and August 12, 2011, totaling $22,100, as constructively fraudulent under the Uniform Fraudulent Transfer Act.
BACKGROUND
The basic facts are…
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