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100% Money-Back “Guaranty”? The Contested Application of Fraudulent-Transfer Law to Upstream and Cross-Stream Guaranties

Journal Issue
Column Name
Citation
Jason D. Angelo and Amir Shachmurove, 100% Money-Back “Guaranty”? The Contested Application of Fraudulent-Transfer Law to Upstream and Cross-Stream Guaranties, XL ABI Journal 8, 18-19, 44-45, August 2021
Cases Discussed
BFP v. Resolution Tr. Corp., 511 U.S. 531 (1994); Senior Transeastern Lenders v. Official Comm. of Unsecured Creditors (In re TOUSA Inc.), 680 F.3d 1298 (11th Cir. 2012); Pension Transfer Corp. v. Beneficiaries under Third Amend. to Fruehauf Trailer Corp. Ret. Plan No. 003 (In re Fruehauf Trailer Corp.), 444 F.3d 203 (3d Cir. 2006); Leibowitz v. Parkway Bank & Trust Co. (In re Image Worldwide), 139 F.3d 574 (7th Cir. 1998); Gaudet v. Babin (In re Zedda), 103 F.3d 1195 (5th Cir. 1997); Mellon Bank NA v. Metro Commc’ns Inc., 945 F.2d 635 (3d Cir. 1991); Cooper v. Ashley Commc’ns Inc. (In re Morris Commc’ns Inc.), 914 F.2d 458 (4th Cir. 1990); Gen. Elec. Credit Corp. of Tenn. v. Murphy (In re Rodriguez), 895 F.2d 725 (11th Cir. 1990); Rubin v. Mfg. Hanover Trust Co., 661 F.2d 979 (2d Cir. 1981); In re Ollag Constr. Equip. Corp., 578 F.2d 904 (2d Cir. 1978); Cartalemi v. Karta Corp. (In re Karta Corp.), 342 B.R. 45 (S.D.N.Y. 2006); Korea Life Ins. Co. v. Morgan Guar. Trust Co. of N.Y., 269 F. Supp. 2d 424 (S.D.N.Y. 2003); Interpool Ltd. v. Patterson, 890 F. Supp. 259 (S.D.N.Y. 1995); Branch v. FDIC, 825 F. Supp. 384 (D. Mass. 1993); Telefest Inc. v. VU-TV Inc., 591 F. Supp. 1368 (D.N.J. 1984); Stalnaker v. DLC Ltd. (In re DLC Ltd.), 295 B.R. 593 (B.A.P. 8th Cir. 2003); Giuliano v. World Fuel Servs. (In re Evergreen Int’l Aviation Inc.), Nos. 13-13364 (MFW), 15-51918 (MFW), 2018 Bankr. LEXIS 254 (Bankr. D. Del. Aug. 22, 2018); In re NII Holdings, 536 B.R. 61 (Bankr. S.D.N.Y. 2015); Redmond v. SpiritBank (In re Brooke Corp.), 541 B.R. 492 (Bankr. D. Kan. 2015); Cox v. Oberlander Elec. Co. (In re Cent. Ill. Energy Coop.), Nos. 09-81409, 11-8031, 2013 Bankr. LEXIS 2844 (Bankr. C.D. Ill. July 16, 2013); 3V Capital Master Fund Ltd. v. Official Comm. of Unsecured Creditors of TOUSA Inc. (In re TOUSA Inc.), 444 B.R. 613 (S.D. Fla. 2011); Barber v. Camille’s of Canton Inc. (In re Cent. Ill. Energy Coop.), Nos. 09-81409, 10-8017, 2011 Bankr. LEXIS 3104 (Bankr. C.D. Ill. Aug. 22, 2011); O’Toole v. Karnani (In re Trinsum Grp. Inc.), 460 B.R. 379 (Bankr. S.D.N.Y. 2011); Tourtellot v. Huntington Nat’l Bank (In re Renegade Holdings Inc.), 457 B.R. 441 (Bankr. M.D.N.C. 2011); Newton v. Sims (In re Sims), Nos. 10-bk-32076, 11-ap-3169, 2011 Bankr. LEXIS 4677 (Bankr. E.D. Tenn. Nov. 30, 2011); Brandt v. Samuel, Son & Co. (In re Longview Aluminum LLC), Nos. 030 B 12184, 04 A 00276, 04 A 00279, 04 A 01051, 2005 Bankr. LEXIS 1312 (Bankr. N.D. Ill. July 14, 2005); Tri-Star Techs. Co. v. Pitocchelli (In re Tri-Star Techs. Co. Inc.), 260 B.R. 319 (Bankr. D. Mass. 2001); In re Ames Dep’t Stores, 61 B.R. 87 (Bankr. S.D.N.Y. 1993); In re Dondi Fin. Corp., 119 B.R. 106 (Bankr. N.D. Tex. 1990); In re Metro Commc’ns Inc., 95 B.R. 921 (Bankr. W.D. Pa. 1989); In re Lawrence Paperboard Corp., 76 B.R. 866 (Bankr. D. Mass. 1987); In re Flagstaff Foodservice Corp., 56 B.R. 899 (Bankr. S.D.N.Y. 1986); In re Ear, Nose & Throat Surgeons Inc., 49 B.R. 316 (Bankr. D. Mass. 1985); Beemer v. Walter E. Heller & Co. (In re Holly Hill Med. Ctr.), 44 B.R. 253 (Bankr. M.D. Fla. 1984); Mantle v. N. Star Energy & Constr. LLC, 437 P.3d 758 (Wyo. 2019); Janvey v. Golf Channel Inc., 487 S.W.3d 560 (Tex. 2016); Badger State Bank v. Taylor, 688 N.W.2d 439 (Wis. 2004); Matter of Application of City of Syracuse Indus. Dev. Agency, 156 A.D3d 1329 (N.Y. App. Div. 2017); Kreidler v. Cascade Nat. Ins. Co., 321 P.3d 281 (Wash. Ct. App. 2014); Herman v. Hilton, No. 4-10-0735, 2011 Ill. App. Unpub. LEXIS 2687 (Ill. App. Ct. Nov. 3, 2011); Miller v. First Bank, 696 S.E.2d 824 (N.C. Ct. App. 2010).
Journal Date
Bankruptcy Rule

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