Quantcast
Home / Opinion Digests / Debtor Can’t Avoid Payments for Subs (access required)

Debtor Can’t Avoid Payments for Subs (access required)

A Richmond U.S. District Court affirms a bankruptcy court’s rejection of debtor holding company’s attempt to avoid  transfers to appellee utility company on behalf of debtor’s subsidiaries, on the ground that debtor did not receive reasonably equivalent value and the transfers were not made in exchange for valuable consideration. Debtor was a holding company that operated ...

Leave a Reply