The bankruptcy court granted summary judgment to the purchaser of the debtor's residence at a tax sale. The debtor claimed the treasurer's deed was a fraudulent transfer because the purchaser paid less than reasonably equivalent value to acquire the property, but the price paid at a forced sale is considered to be reasonably equivalent value as long as all of the state legal requirements are met. The debtor did not argue or produce evidence showing that the tax sale did not meet legal requirements.
Date:
Tuesday, April 23, 2019
Judge:
Judge Thomas L. Saladino