On November 12, 2019, the United States Court of Appeals for the First Circuit reversed a decision of the Bankruptcy Court for the District of Massachusetts in a case that illustrates fraudulent transfer risk for colleges and universities that receive tuition payments from a student’s insolvent parents.
Constructive Fraudulent Transfer Claims and College Tuition Payments
USA, Insolvency & Restructuring, Litigation, Public, Ropes & Gray LLP, Title 11 of the US Code, First Circuit, US District Court for District of Massachusetts, U.S. Court of Appeals