Title 11 of the U.S. Bankruptcy Code contains provisions that allow some pre-bankruptcy transfers to be avoided, or "unwound," by a debtor in possession, trustee, or other party granted standing to do so. Among the types of transfers that may be avoided are fraudulent transfers, which arise when a bankrupt debtor previously transferred assets to another party while insolvent and for less than reasonably equivalent value.
Congratulations to the new Certified members of the ABC! Brian Anderson (NC), Malinda Hayes (FL), Jason Imes (NV), Shane Ramsey (TN), Zach Shelomith (FL), Todd Turoci (CA), Eric von Helms (WI), Sarah Beth Wilson (MS), and Andrew Winchell (NJ).
CONGRATULATIONS!!! Raymond J. Obuchowski was elected President by the Board of Directors of the National Association of Bankruptcy Trustees (NABT) at its annual meeting in Amelia Island, Florida on August 18, 2018. NABT is the association whose membership consists of Chapter 7 trustees throughout the United States. He has been an active member of the Board since 2009, and a Trustee member since 1987. He will serve as President through August 2019. Ray became a member of the ABC in 1992, Certified Business and Consumer Bankruptcy.
I have been interviewing bankruptcy judges about their hobbies. Don’t laugh. I know what you are thinking. “Bovitz, you could interview every one of the 352 authorized bankruptcy judges about their hobbies ... and not find enough material for one Chapter 8 Humor column.” However, you would be mistaken.