Mealey's Bankruptcy - 11th Circuit: Debtor's Tax Payments Not Recoverable As Fraudulent Transfers

ATLANTA - A panel of the 11th Circuit U.S. Court of Appeals on March 26 affirmed a district court's decision and said tax payments made by a debtor were recoverable by the Chapter 7 trustee as a form of fraudulent transfer (Deborah C. Menotte v. USA [In Re: Custom Contractors LLC], No. 12-16489, Chapter 7, 11th Cir.; 2014 U.S. App. LEXIS 5501).

Access this news story on lexis.com®