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Bayou Group Court Clarifies Good Faith Defense to Fraudulent Conveyance Action
Practical Law Legal Update 0-503-5966 (Approx. 5 pages)
Bayou Group Court Clarifies Good Faith Defense to Fraudulent Conveyance Action
by PLC Finance and Practical Law Bankruptcy & Restructuring
| Published on 21 Oct 2010 • USA (National/Federal) |
An update on a decision in the Bayou Group, LLC bankruptcy proceedings clarifying the standard for the good faith defense to a fraudulent conveyance action under Bankruptcy Code section 548(c).