Pajaro Dunes Rental Agency, Inc. v. Spitters (In Re Pajaro Dunes Rental Agency, Inc.)
United States Bankruptcy Court, N.D. California
1Opinion of the Court
DECISION
ARTHUR S. WEISSBRODT, Bankruptcy Judge.
This action involves a complaint to avoid allegedly fraudulent and preferential transfers, under 11 U.S.C. §§ 544(b), 547 and 548. Plaintifí/Debtor, Pajaro Dunes Rental Agency, Inc. (“PDRA”), claims that a $1 million nóte against it in favor of Defendants, Laurence Spitters, et al. (“Spitters”), supposedly used to finance construction of a new office building and conference center, is void as a fraudulent transfer. PDRA also claims that the interest payments made on this note within one year of its bankruptcy petition are avoidable both as…
2Cases cited200 opinions
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- Pepper v. LittonSupreme Court of the United States · 1939
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