Warne Investments, Ltd. v. Higgins

OPINION

IRVINE, Judge.

¶ 1 Sandra Higgins (“Higgins”), Dennis Higgins, and Bridge Info Tech, Inc. (“Info Tech”) (collectively “Appellants”) appeal from a judgment holding them liable for paying the debts owed by Bridge IT, Inc. (“IT”). We agree with the trial court that Info Tech was properly found to be a mere continuation of IT and that Higgins was liable under the trust fund doctrine because she benefitted from preferential transfers made while IT was insolvent. We disagree, however, that Higgins was personally liable for the entire amount of IT’s debt because the value of the intangible…