TOUSA: indirect benefits and impossible burdens - district court “quashes” bankruptcy court decision
On February 11, 2011, the Hon. Alan Gold of the United States District Court for the Southern District of Florida reversed the October 30, 2009 fraudulent conveyance finding issued by the Bankruptcy Court in the TOUSA case as it pertained to lenders involved in TOUSA’s Transeastern joint venture.
USA, Florida, Banking, Insolvency & Restructuring, Litigation, Chadbourne & Parke LLP, Bankruptcy, Credit (finance), Market liquidity, Debt, Liability (financial accounting), Joint venture, Subsidiary, Deutsche Bank, Title 11 of the US Code, United States bankruptcy court, Eleventh Circuit, US District Court for Southern District of Florida