Legal Opinion
Perrino v. Salem, Inc. (In Re Mainely Payroll, Inc.)
United States Bankruptcy Court, D. Maine
Decided May 4, 1999No. 19-01004PublishedCited by 3 opinions
1Opinion of the Court
Memorandum of Decision
JAMES B. HAINES, Jr., Chief Judge.
Submitted for decision on a stipulated record is the trustee’s action to recover a fraudulent transfer from Salem, Inc. Be-' cause I conclude that Salem is an “immediate or mediate transferee” of the initial transferee and because Salem took the property it received for value, in good faith, and without knowledge that the transfer was voidable, judgment will enter in its favor. 1
Background
A. Procedural Background
The trustee filed his complaint against Salem on May 21, 1998. By compromise or dismissal, he has disposed of claims against…
2Cases cited32 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial CorporationCourt of Appeals for the Seventh Circuit · 1989
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3Cited by3 opinions
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- Turner v. Phoenix Financial, LLC (In Re Imageset, Inc.)United States Bankruptcy Court, D. Maine · 2003