Belford v. Cantavero (In Re Bassett)

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON COMPLAINT TO AVOID TRANSFERS OF PROPERTY

ALBERT S. DABROWSKI, Bankruptcy Judge.

I. INTRODUCTION

In this adversary proceeding the Plaintiff-Trustee seeks to avoid and recover the value of real property acquired and then transferred by the Debtor under highly unusual circumstances. Under such unique facts the Court will exercise its equity jurisdiction to prevent a windfall to the Debtor’s bankruptcy estate at the expense of the individual Defendants.

II. JURISDICTION

The United States District Court for the District of Connecticut has jurisdiction over the…