Sale Of Commercial Units By Nearly-insolvent Debtor Not A Fraudulent Conveyance – Financial Services
Creditors of an insolvent or nearly insolvent debtor may be understandably frustrated if the debtor sells its few remaining assets, leaving the unsecured creditors without any means to satisfy a judgment. However, provided there are bona fidereasons for the sale and the buyer has no knowledge of any fraudulent intent on the part of the…