“Reasonably equivalent value” – – part of the standard for evaluation of potential constructive fraudulent transfers – – is both subjective and imprecise. The words “equivalent value” require the court to make a subjective judgment whether consideration received in exchange for a transfer is worth the same as the consideration transferred by the debtor. And … Continue Reading
A group of former partners of Dewey & LeBoeuf LLP are doing everything they can to hold on to monthly partnership draws they received in the months and years leading up to Dewey’s collapse. The trustee of the Dewey Liquidation Trust has argued, among other things, that monthly partnership draws are avoidable and recoverable as … Continue Reading
