Legal Opinion
Practical Investment Corp. v. Rellen (In Re Practical Investment Corp.)
United States Bankruptcy Court, E.D. Virginia
Decided February 7, 1989No. 19-10668PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OPINION
MARTIN V.B. BOSTETTER, Jr., Chief Judge.
We deal here with the avoidability of a fraudulent conveyance between the parties Joseph R. Poole (hereinafter “Poole”) and Practical Investment Corporation (hereinafter “PIC”), each of whom are in bankruptcy. The issue presented is whether PIC may retain its lien on real property that Poole conveyed to PIC in a fraudulent transfer as defined in 11 U.S.C. § 548(c).
In July of 1983, Poole met with the president of PIC, Leon Rosenberg, and requested a loan to carry out a real estate syndication. On September 1, 1983, PIC did in fact loan…
2Cases cited25 opinions
- Atlanta Shipping Corporation, Inc. v. Chemical BankCourt of Appeals for the Second Circuit · 1987
- In Re General Coffee Corporation, Debtor. City National Bank of Miami and City National Bank Corporation v. General Coffee CorporationCourt of Appeals for the Eleventh Circuit · 1987
- In the Matter of Chaseley's Foods, Inc., D/B/A Vic's Super Foods, Debtor. Appeal of Daniel L. Freeland, TrusteeCourt of Appeals for the Seventh Circuit · 1984
- Commercial Credit Co. v. DavidsonCourt of Appeals for the Fifth Circuit · 1940
- Bankr. L. Rep. P 71,138 in Re Brass Kettle Restaurant, Inc., Debtor, Laurence H. Kallen, as Trustee v. Ash, Anos, Freedman & LoganCourt of Appeals for the Seventh Circuit · 1986
20 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- In Re M & L Business Machine Company, Inc.Court of Appeals for the Tenth Circuit · 1996
- Matson v. Strickland (In Re Strickland)United States Bankruptcy Court, E.D. Virginia · 1999
- Johnson v. NBD Park Ridge Bank (In Re Octagon Roofing)United States Bankruptcy Court, N.D. Illinois · 1991
- Jobin v. McKay (In Re M & L Business MacHine Co.)District Court, D. Colorado · 1994
- Clark v. Balcor Real Estate Finance, Inc. (In Re Meridith Millard Partners)District Court, D. Colorado · 1992
10 more not listed; retrieve them via the Exa API.