Source: http://www.txwb.uscourts.gov/section-548-fraudulent-transfers-and-obligations-0
Timestamp: 2018-07-23 17:36:52
Document Index: 685746771

Matched Legal Cases: ['§ 548', '§ 550', '§ 727', '§ 727', '§ 727', '§ 548', '§ 548', '§ 550', '§ 727']

Section 548 Fraudulent transfers and obligations. | Western District of Texas | United States Bankruptcy Court
Section 548 Fraudulent transfers and obligations.
Osherow v. Charles (September 15, 2016)
Robbins v. Wolf (September 15, 2016)
Issues: The Court consolidated trial of two adversary proceedings in this bankruptcy case: (1) an adversary proceeding filed by the Chapter 7 Trustee against the ex-spouse of the Debtor to recover multiple real properties as fraudulent transfers (Fraudulent Transfer Adversary Proceeding); and (2) an adversary proceeding filed by the U.S. Trustee against the Debtor to deny the Debtor his bankruptcy discharge (Discharge Adversary Proceeding). In the Fraudulent Transfer Adversary Proceeding, the Trustee sought to avoid the transfer of the Debtor’s real properties under § 548 of the Bankruptcy Code and the Texas Uniform Fraudulent Transfer Act (“TUFTA”) and to recover the real properties from the Debtor’s ex-spouse under § 550 of the Bankruptcy Code. In the Discharge Adversary Proceeding, the U.S. Trustee sought to deny the Debtor’s discharge under § 727(a)(2)(A), § 727(a)(2)(B), and/or § 727(a)(4) of the Bankruptcy Code. Holdings: In the Fraudulent Transfer Adversary Proceeding, the Court held that the transfer of the Debtor’s real properties were avoidable under § 548(a)(1)(A) (actual fraudulent transfer), § 548(a)(1)(B) (constructive fraudulent transfer), and TUFTA. The Court also held that the real properties were recoverable from the Debtor’s ex-spouse under § 550 of the Bankruptcy Code. The Court dealt with several issues, including the date a transfer is made under fraudulent conveyance laws, “good faith” for “value” defenses, and the impact of an uncontested divorce decree. In the Discharge Adversary Proceeding, the Court held that the Debtor’s discharge should be denied based on false oaths under § 727(a)(4) of the Bankruptcy Code. The Court found that the Debtor omitted assets from his Bankruptcy Schedules, made false statements in his Statement of Financial Affairs, and provided false testimony at the creditors meeting. The Court’s ruling is set forth in a Consolidated Opinion.