Legal Opinion

Kaler v. Red River Commodities, Inc. (In Re Sun Valley Products, Inc.)

United States Bankruptcy Court, D. North Dakota

Decided July 13, 2005No. 17-30657PublishedCited by 13 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

Kip M. Kaler, the Bankruptcy Trustee in this case, initiated this adversary proceeding by Complaint filed October 28, 2004, seeking a determination that the sale of Debtor Sun Valley Products, Ine.’s assets to Defendant Red River Commodities, Inc. was a fraudulent transfer pursuant to 11 U.S.C. § 548 and N.D.C.C. § 13-02.1-04. The trustee asserts Red River Commodities paid $900,000.00 less for Sun Valley’s assets than they were worth and seeks a judgment against Red River Commodities in that amount. Red River Commodities filed an Answer on…

2Cases cited8 opinions

  1. BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
  2. Pummill v. Greensfelder, Hemker & Gale (In Re Richards & Conover Steel, Co.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2001
  3. Grochocinski v. Zeigler (In Re Zeigler)United States Bankruptcy Court, N.D. Illinois · 2005
  4. Leonard v. Mylex Corp. (In Re Northgate Computer Systems, Inc.)United States Bankruptcy Court, D. Minnesota · 1999
  5. Meeks v. Don Howard Charitable Remainder Trust (In Re Southern Health Care of Arkansas, Inc.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2004

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3Cited by13 opinions

  1. ASARCO LLC v. Americas Mining Corp.District Court, S.D. Texas · 2008
  2. Slone v. Lassiter (In Re Grove-Merritt)United States Bankruptcy Court, S.D. Ohio · 2009
  3. Kaler Ex Rel. Kendall v. Able Debt Settlement, Inc. (In Re Kendall)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2010
  4. Schnidt v. HSC, Inc.Hawaii Supreme Court · 2014
  5. Sergeant v. OneWest Bank, FSB (In re Walter)United States Bankruptcy Court, N.D. Iowa · 2011

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