Legal Opinion
Levit v. Spatz (In Re Spatz)
District Court, N.D. Illinois
Decided June 17, 1998No. 97 C 5684, Adversary No. 93 A 914PublishedCited by 37 opinions
1Opinion of the Court
CASTILLO, Judge.
Appellant Louis W. Levit, Trustee of the Estate of William Spatz, appeals from the bankruptcy court’s ruling that the payment of full consideration is a defense to fraud in law and fraud in fact under both the Bankruptcy Code and Illinois’ version of the Uniform Fraudulent Transfer Act (“UFTA”) 1 The Trustee further challenges several factual findings and evidentiary rulings entered below. Because we find that the mere payment of full consideration is not, as a matter of law, an absolute defense to fraud in fact under the UFTA, we reverse and remand.
FACTS
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2Cases cited33 opinions
- General Electric Co. v. JoinerSupreme Court of the United States · 1997
- Reves v. Ernst & YoungSupreme Court of the United States · 1993
- Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
- Hayes v. Mercy Hospital & Medical CenterIllinois Supreme Court · 1990
- In Re Image Worldwide, Ltd., Debtor. David P. Leibowitz, Chapter 7 Trustee v. Parkway Bank & Trust Co.Court of Appeals for the Seventh Circuit · 1998
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3Cited by37 opinions
- Rieser v. Hayslip (In Re Canyon Systems Corp.)United States Bankruptcy Court, S.D. Ohio · 2006
- Weiler v. PortfolioScope, Inc.Massachusetts Supreme Judicial Court · 2014
- Helms v. Roti (In Re Roti)United States Bankruptcy Court, N.D. Illinois · 2002
- Grochocinski v. Zeigler (In Re Zeigler)United States Bankruptcy Court, N.D. Illinois · 2005
- Development Specialists, Inc. v. Hamilton Bank, N.A. (In Re Model Imperial, Inc.)United States Bankruptcy Court, S.D. Florida. · 2000
32 more not listed; retrieve them via the Exa API.