Rodino v. Barondess (In Re Good Time Charley's, Inc.)
United States Bankruptcy Court, D. New Jersey
1Opinion of the Court
OPINION
D. JOSEPH DeVITO, Bankruptcy Judge.
In this adversary matter, the trustee of the above debtor, Good Time Charley’s, Inc. (GTC), seeks to set aside a mortgage given by GTC to Charles Barondess. The trustee moves under § 544 of the Bankruptcy Code on the grounds that the mortgage constitutes a fraudulent conveyance within the scope of the New Jersey Corporations Act, N.J.S.A. 14A:14-10[2] & [3].
On April 6, 1977, Barondess sold 100 per cent of the stock of GTC to Victor Freda, Joseph Signorelli and James Freda for $230,000. Barondess received a cash payment of $30,000 at closing and the…
2Cases cited17 opinions
- Kremer v. Chemical Construction Corp.Supreme Court of the United States · 1982
- Heiser v. WoodruffSupreme Court of the United States · 1946
- Aetna Ins. Co. v. Gilchrist Brothers, Inc.Supreme Court of New Jersey · 1981
- Wm. Blanchard Co. v. Beach Concrete Co., Inc.New Jersey Superior Court Appellate Division · 1977
- New Jersey-Philadelphia Presbytery of the Bible Presbyterian Church v. New Jersey State Board of Higher EducationCourt of Appeals for the Third Circuit · 1981
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3Cited by7 opinions
- Gray v. Fill (In Re Fill)United States Bankruptcy Court, S.D. New York · 1987
- United States v. JacksonUnited States Court of Military Appeals · 1952
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- Wolf v. Tzanides (In re Tzanides)United States Bankruptcy Court, D. New Jersey · 2017
- In Re TurnerUnited States Bankruptcy Court, E.D. Tennessee · 1987
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