Farinash v. Tuscany 2 Residential, LLC (In Re Martin)

MEMORANDUM AND ORDER

R. THOMAS STINNETT, Bankruptcy Judge.

The debtor in bankruptcy, James Martin, was a commercial real estate developer involved with the Tuscany project in Evans, Weld County, Colorado. The debtor entered into two contracts to purchase land in the project area from Harry Wie-deman and a third contract to purchase land from Larry and Martha Rhoadarmer. The debtor assigned all three contracts to the defendant, Tuscany 2 Residential, a limited liability company or LLC. The trustee in bankruptcy brought this suit to avoid the debtor’s assignment of the second Wiedeman contract…