Kittay ex rel. Duke & Benedict, Inc. v. Peter D. Leibowits Co. (In re Duke & Benedict, Inc.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
DECISION GRANTING DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT
ADLAI S. HARDIN, Jr., Bankruptcy Judge.
In this adversary proceeding, the Chapter 11 Trustee seeks payment on the full value of certain real property conveyed by the debtor. The defendant-transferees have moved for summary judgment, contending that the Trustee, by this action, seeks to appropriate for the debtor the value of improvements which the defendants had made on the land at the time of the conveyance.
The resolution of the motion for summary judgment turns on the question of “reasonably equivalent value” and “fair consideration” —…
2Cases cited20 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
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- Cruz LOPEZ, Plaintiff-Appellant, v. S.B. THOMAS, INC., Defendant-AppelleeCourt of Appeals for the Second Circuit · 1987
- Brass v. American Film Technologies, Inc.Court of Appeals for the Second Circuit · 1993
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