Legal Opinion
Gill v. Sierra Pacific Construction, Inc. (In Re Parkway Calabasas Ltd.)
United States Bankruptcy Court, C.D. California
Decided August 12, 1988No. Bankruptcy CA 84-07435 SB, LA 84-07436 SB, LA 84-09002 SB to LA 84-09004 SBPublishedCited by 45 opinions
1Opinion of the Court
OPINION DISMISSING FRAUDULENT CONVEYANCE PROCEEDING
SAMUEL L. BUFFORD, Bankruptcy Judge.
I. INTRODUCTION
This adversary proceeding presents the issue of whether a fraudulent conveyance cause of action is rendered moot by the substantive consolidation of two bankruptcy cases, where the fraudulent conveyance arises from one debtor’s pre-petition payment of a debt that was owed by the other.
The Court holds that the fraudulent conveyance cause of action disappears with the substantive consolidation, and that this adversary proceeding must be dismissed.
II. FACTS
A. Background
This bankruptcy case began…
2Cases cited9 opinions
- Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941
- In Re Auto-Train Corporation, Inc.Court of Appeals for the D.C. Circuit · 1987
- Matter of WT Grant Co.United States Bankruptcy Court, S.D. New York · 1980
- In the Matter of Continental Vending MacHine Corp. And Continental Apco, Inc., Debtors. James Talcott, Inc. v. Irving L. Wharton, TrusteeCourt of Appeals for the Second Circuit · 1975
- Bankr. L. Rep. P 72,146 in Re Thc Financial Corp., a Hawaii Corporation, Debtor. Lily M. Okamoto v. Thc Financial CorporationCourt of Appeals for the Ninth Circuit · 1988
4 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Alexander v. Compton (In re Bonham)Court of Appeals for the Ninth Circuit · 2000
- In Re Bh & P, Inc.United States Bankruptcy Court, D. New Jersey · 1989
- In Re LeeUnited States Bankruptcy Court, C.D. California · 1989
- In Re Walter J. Giller, Jr., M.D., Debtor. First National Bank of El Dorado v. Walter J. Giller, Jr., M.D., P.A.Court of Appeals for the First Circuit · 1992
- In Re Diamond Mortg. Corp. of IllinoisUnited States Bankruptcy Court, N.D. Illinois · 1990
40 more not listed; retrieve them via the Exa API.