Ag Venture Financial Services, Inc. v. Montagne (Montagne)

MEMORANDUM OF DECISION

Denying Ag Venture Financial Services, Inc.’s Motion for Summary Judgment and Denying Diane Montagne’s Cross-Motion for Summary Judgment on the Fraudulent Transfer Cause of Action

COLLEEN A. BROWN, Bankruptcy Judge.

In its complaint, Ag Venture Financial Services Inc. (“Ag Venture”) asserted fraudulent transfer 1 and conversion causes of action against both Michael Montagne and Diane Montagne (doc. #30, Counts IX-XII) based on “the Montagne Heifers Transfer to Diane Montagne” of $240,000 (id., ¶ 23). The $240,000 check constituted proceeds (the “Proceeds”) from the sale of…