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Just confirming this isn't a preference or fraudulent transfer
Debtor got new value in exchange for the transfer
Sent from my iPhone - please excuse typos.
> On May 21, 2016, at 3:02 PM, Holly Roark hollyroark22@gmail.com [cdcbaa] wrote:
>
> Debtor's house is in foreclosure. Lender is oversecured. (Equity$50k.) Debtor owes $8k to bring it current. Debtor's mother loans debtor the $8k which debtor pays to the mortgage lender a month before filing chapter 7. Loan is reinstated.
>
>
> Is there any way a trustee can go after this as a preference or fraudulent transfer? The lender is oversecured, so they didn't get more than they'd receive in a liquidation. Can this be construed as a fraudulent transfer in any way?
>
>
> --
> Holly Roark
> Certified Bankruptcy Specialist*
> and Sports Lawyer
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> Central District of California & District of Idaho - Consumer Bankruptcy Attorney
> 1875 Century Park East, Suite 600 Los Angeles, CA 90067
> T (310) 553-2600; F (310) 553-2601
> *By State Bar of California Board of Legal Specialization
>
>
>
The post was migrated from Yahoo.
Debtor's house is in foreclosure. Lender is oversecured.
(Equity=$50k.) Debtor owes $8k to bring it current. Debtor's mother loans
debtor the $8k which debtor pays to the mortgage lender a month before
filing chapter 7. Loan is reinstated.
Is there any way a trustee can go after this as a preference or fraudulent
transfer? The lender is oversecured, so they didn't get more than they'd
receive in a liquidation. Can this be construed as a fraudulent transfer in
any way?
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
Debtor's house is in foreclosure. Lender is oversecured. (Equity$50k.)Debtor owes $8k to bring it current. Debtor's mother loans debtor the $8k which debtor pays to the mortgage lender a month before filing chapter 7. Loan is reinstated.Is there any way a trustee can go after this as a preference or fraudulent transfer? The lendern a liquidation. Can this be construed as a fraudulent transfer in any way?tr">Holly RoarkCertified Bankruptcy Specialist*and Sports Lawyer
holly@roarklawoffices.com**primary email address**
www.roarklawoffices.com
Central District of California & District of Idaho - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067T (310) 553-2600; F (310) 553-2601
The post was migrated from Yahoo.