In the Matter of Donald Eugene Bundles, Debtor-Appellant. In Re Donald Eugene Bundles v. William J. Baker, Indiana National Bank and James C. Wells
Court of Appeals for the Seventh Circuit
1Opinion of the Court
RIPPLE, Circuit Judge.
In this appeal, we must decide whether a debtor in bankruptcy may set aside under section 548(a)(2) of the Bankruptcy Code (the Code), 11 U.S.C. § 548(a)(2) (Supp. IV 1986), the sale of his personal residence upon foreclosure of the mortgage. The bankruptcy court and the district court held that he could not. We reverse and remand for further proceedings.
I
Background
A. Statutory Background
Section 548 of the Code provides in pertinent part:
§ 548. Fraudulent transfers and obligations(a) The trustee may avoid any transfer of an interest of the debtor in property, or any…
2Cases cited30 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Caminetti v. United StatesSupreme Court of the United States · 1917
- State ex rel. Southwestern Bell Telephone Co. v. Public Service Commission of MissouriSupreme Court of the United States · 1923
- J. W. Durrett, Sr. v. The Washington National Insurance Co.Court of Appeals for the Fifth Circuit · 1980
- In the Matter of Winshall Settlor's Trust, Julie Winshall, Trustee, Debtor-AppellantCourt of Appeals for the Sixth Circuit · 1985
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- Richard E. Barber, Chapter 7 Trustee for Ostrom-Martin, Inc. v. Golden Seed Company, Inc.Court of Appeals for the Seventh Circuit · 1997
- Resolution Trust Corp. v. HoltzmanAppellate Court of Illinois · 1993
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