Legal Opinion
Royal Z Lanes, Inc. v. Collins Holding Corp.
Supreme Court of South Carolina
Decided December 6, 1999No. 25026PublishedCited by 11 opinions
1Opinion of the Court
MOORE, Justice:
We agreed to answer the following question certified by the Sixth Circuit Bankruptcy Appellate Panel:
Whether, in the absence of actual intent to defraud creditors, S.C.Code Ann. § 27-23-10 sets aside as a fraudulent conveyance the transfer of an interest in property worth $1,000,000 when consideration of $195,389 was received by the transferor?
FACTS
The certification order indicates the following facts. In April 1994, Plaintiff-Appellee Royal Z Lanes, Inc. (Debtor) and Z3 Services, Inc., a related corporation, became co-borrowers on a $1 million loan from Defendant-Appellant…
2Cases cited10 opinions
- Future Group, II v. NationsbankSupreme Court of South Carolina · 1996
- Gardner v. KirvenSupreme Court of South Carolina · 1937
- Coleman v. DanielSupreme Court of South Carolina · 1973
- McGhee v. WellsSupreme Court of South Carolina · 1900
- Jeffords v. BerrySupreme Court of South Carolina · 1966
5 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Campbell v. Deans (In Re J.R. Deans Co.)United States Bankruptcy Court, D. South Carolina · 2000
- Campbell v. Hanckel (In re Hanckel)United States Bankruptcy Court, D. South Carolina · 2014
- Bakst v. Probst (In Re Amelung)United States Bankruptcy Court, D. South Carolina · 2010
- Campbell v. Haddock (In Re Haddock)United States Bankruptcy Court, D. South Carolina · 2000
- Audio Investments v. RobertsonDistrict Court, D. South Carolina · 2002
6 more not listed; retrieve them via the Exa API.