10th Circuit Affirms Lis Pendens Not A Preferential Transfer In Bankruptcy

10th Circuit Affirms Lis Pendens Not A Preferential Transfer In Bankruptcy

DENVER - A panel of the 10th Circuit U.S. Court of Appeals on Nov. 25 ruled that a lis pendens filed in Colorado state court did not constitute a preferential transfer in a Chapter 11 bankruptcy (Ute Mesa Lot 1 LLC v. First Citizens Bank & Trust Company $(In Re: Ute Mesa Lot 1 LLC$), No. 12-1134, Chapter 11, 10th Cir.; 2013 U.S. App. LEXIS 23622).

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