Legal Opinion
Smith, Keith v. Sipi, LLC
Court of Appeals for the Seventh Circuit
Decided January 20, 2016No. 15-1166PublishedCited by 46 opinions
1Opinion of the Court
HAMILTON, Circuit Judge.
Federal bankruptcy law provides generally that a sale or other transfer of an insolvent’s property may be set aside as fraudulent if the transfer was for less than “reasonably equivalent value.” 11 U.S.C. § 548(a)(1)(B). In this appeal, we apply this general rule to a lawfully conducted sale of real estate under Illinois property tax sale procedures. The principal question is whether compliance with state law for tax sales is sufficient to establish that the sale was for “reasonably equivalent value,” or whether the debtor may try to set aside the sale under §…
2Cases cited33 opinions
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
- Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Anthony Hill v. Daniel M. TangherliniCourt of Appeals for the Seventh Circuit · 2013
28 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- GGI Properties, LLC v. City of Millville (In re GGI Properties, LLC)United States Bankruptcy Court, D. New Jersey · 2017
- Fox v. Hathaway (In Re Chi. Mgmt. Consulting Grp., Inc.)Court of Appeals for the Seventh Circuit · 2019
- Hampton v. Ont. Cnty.District Court, W.D. New York · 2018
- O'Neil v. New Eng. Rd., Inc. (In re Neri Bros. Constr. Corp.)United States Bankruptcy Court, D. Connecticut · 2018
- In re RobinsonUnited States Bankruptcy Court, N.D. Illinois · 2017
41 more not listed; retrieve them via the Exa API.