Legal Opinion

Armstrong v. United Bank of Bismarck (In Re Bob's Sea Ray Boats, Inc.)

United States Bankruptcy Court, D. North Dakota

Decided August 12, 1992No. 19-30109PublishedCited by 10 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

This adversary proceeding arises by complaint of the trustee who seeks to recover a voluntary asset transfer by the Debtor, Bob’s Sea Ray Boats, Inc. (Bob’s Sea Ray), to its principal secured lender, United Bank of Bismarck (Bank). The trustee asserts that the events surrounding Bob’s Sea Ray’s voluntary surrender to the Bank of secured collateral and the value of that collateral establish alternative bases for recovery under both the “actual fraud” provision of section 548(a)(1) and the “constructive fraud” provision of section…

2Cases cited7 opinions

  1. Rubin v. Manufacturers Hanover Trust Co.Court of Appeals for the Second Circuit · 1981
  2. In Re Ozark Restaurant Equipment Co. Inc. Jill R. Jacoway, Trustee v. Bruce Anderson, Elmer Dale Yancey, Kenneth Eads, Robert Whiteley, and Anderson Cajun's Wharf, Jill R. Jacoway, Trustee v. Anderson Cajun's Wharf, Jill R. Jacoway, Trustee v. Hayden McIlroy of McIlroy Bank and Trust, Ed Yancey, Bruce Anderson, Kenneth EadsCourt of Appeals for the Eighth Circuit · 1988
  3. In Re Cushman Bakery and Cushman Baking Company. Appeal of Jacob Agger, TrusteeCourt of Appeals for the First Circuit · 1976
  4. Rubin Bros. Footwear, Inc. v. Chemical Bank (In Re Rubin Bros. Footwear, Inc.)District Court, S.D. New York · 1990
  5. Armstrong v. Ketterling (In Re Anchorage Marina, Inc.)United States Bankruptcy Court, D. North Dakota · 1988

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3Cited by10 opinions

  1. Jackson v. Mishkin (In Re Adler, Coleman Clearing Corp.)District Court, S.D. New York · 2001
  2. Kaler v. McLaren (In Re McLaren)United States Bankruptcy Court, D. North Dakota · 1999
  3. Stoebner v. Ritchie Capital Management, L.L.C. (In re Polaroid Corp.)United States Bankruptcy Court, D. Minnesota · 2012
  4. Mishkin Ex Rel. Liquidation of the Business of Adler, Coleman Clearing Corp. v. Ensminger (In Re Adler, Coleman Clearing Corp.)United States Bankruptcy Court, S.D. New York · 1999
  5. Doeling v. O'Neill (In re O'Neill)United States Bankruptcy Court, D. North Dakota · 2016

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