Teacher:In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. You should write an incorrect option. Even though there exist multiple wrong answers, we only need a single wrong answer. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.
Teacher: Now, understand the problem? Solve this instance: proceeding against him. 65 . 221 B.R. 49 (Bankr.D.Conn.1998). 66 . Id. at 51. 67 . Bassett, 221 B.R. at 55. 68 . Id. 69 . 11 U.S.C. 550(a). 70 . Id. at 1322. 71 . Id. 72 .The "mere conduit" exception is "an equitable exception to the literal statutory language of 'initial transferee,' ... for initial recipients who are 'mere conduits' with no control over the fraudulently-transferred funds." Harwell, 628 F.3d 1312, 1322 (11th Cir.2010). Because SunTrust was the end recipient of the Transfers, it certainly was not a mere conduit. 73 . 446 B.R. 564 (Bankr.M.D.Fla.2011). 74 . ATM Financial, 446 B.R. at 566. 75 . Id. 76 . Id. 77 . Id. at 568-71. 78 . Id. at 570-71. 79 . 11 U.S.C. 101(54); Fla. Stat. 726.102(12). 80 . See In re Wayne, 237 B.R. 506, 508-09 (Bankr.M.D.Fla.1999) (<HOLDING>). See also Barnhill v. Johnson, 503 U.S. 393,
Holding statements: (A) holding that because debtor retained control of property a transfer had not yet occurred (B) recognizing potential for fraudulent transfer in foreclosure context if debtor enjoyed significant equity in property but received little or no value from the transfer (C) holding that even when the event that would cause the damage had not yet occurred the claims in the case were still ripe for review (D) holding that the debtor could retain exempt property because it was not property of the estate (E) holding debtor could include property because the bank accepted payments directly from the debtor and had previously allowed the debtor to cure default
Student:
recognizing potential for fraudulent transfer in foreclosure context if debtor enjoyed significant equity in property but received little or no value from the transfer