Decker v. Tramiel (In Re JTS Corp.)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
HUG, Circuit Judge:
This case involves a bankruptcy appeal. Appellant Jack Tramiel, a member of the JTS Corporation board of directors, attempted to assist the debtor, JTS Corporation (“JTS”), and purchased real property from JTS. It was held that this purchase was a constructive fraudulent conveyance and that Tramiel was liable for the value of the property. The major issues in this case are what the fair market value of the real property is, whether Tramiel is entitled to an offset for the value he paid for the property as a good faith transferee, and whether Tramiel is entitled to a…
2Cases cited31 opinions
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