Seventh Circuit Holds Securitization Trustee Subject to Avoidance Action Under Bankruptcy Code in Paloian v. LaSalle | Practical Law

Seventh Circuit Holds Securitization Trustee Subject to Avoidance Action Under Bankruptcy Code in Paloian v. LaSalle | Practical Law

An update on the Seventh Circuit's decision in Paloian v. LaSalle Bank, N.A., holding that a bankruptcy estate could recover funds in a fraudulent conveyance action from a bank acting as securitization trustee.

Seventh Circuit Holds Securitization Trustee Subject to Avoidance Action Under Bankruptcy Code in Paloian v. LaSalle

by PLC Finance
Published on 10 Sep 2010USA (National/Federal)
An update on the Seventh Circuit's decision in Paloian v. LaSalle Bank, N.A., holding that a bankruptcy estate could recover funds in a fraudulent conveyance action from a bank acting as securitization trustee.