Four-Year Statute of Limitations Can Stretch to at Least Seven Years, Judge Owens Says
The one-year discovery clause in UFTA allows a debtor or trustee to file an avoidance suit even if the ordinary four-year statute has elapsed.
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Case Details
Case Citation
UMB Bank NA v. Sun Capital Partners V LP (In re LSC Wind Down LLC), 19-50272 (Bankr. D. Del. Jan. 23, 2020)
Case Name
UMB Bank NA v. Sun Capital Partners V LP (In re LSC Wind Down LLC)
Case Type
Business