News Releases

George Singer Published in Pratt's Journal of Bankruptcy Law

09.19.12

George Singer's article "TOUSA: Fraudulent Transfer Risks in Loan and Restructuring Transactions" was published recently in Pratt's Journal of Bankruptcy Law. The article summarizes the pre-bankruptcy factual background and disputes that culminated in the United States Court of Appeals for the Eleventh Circuit’s decision in In re TOUSA, discusses the bankruptcy court and the district court decisions highlighting the very different interpretations and applications of the phrase “reasonably equivalent value,” and addresses the resolution of issues addressed by the Eleventh Circuit and arguments subsequently raised by the disappointed lenders in a petition for rehearing en banc that was recently denied. The article concludes with observations and highlights a number of practical implications that emerge from the decisions.

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