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Reperfecting a Mortgage Isn’t Grounds for a Fraudulent Transfer

Mistakenly cancelling a mortgage can result in a preference but not a fraudulent transfer if the cancellation is later rescinded.

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Opinion Link

Case Details

Judge Name

Deborah L. Thorne

Case Citation

Trinity 83 Development LLC v. Colfin Midwest Funding LLC (In re Trinity 83 Development LLC), 17-0286 (Bankr. N.D. Ill. Sept. 11, 2017)

Case Name

In re Trinity 83 Development LLC

Case Type

Consumer