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IN RE INTERN. RESORTS, INC.

Civ. A. No. 78-A-0911-E.

46 B.R. 405 (1984)

In re INTERNATIONAL RESORTS, INC., Bankrupt. CLEAR CREEK, INC., Plaintiff, v. ROYAL AMERICAN CORPORATION, Defendant.

United States District Court, N.D. Alabama.

January 19, 1984.

Attorney(s) appearing for the Case

Edward W. Harwell, Anniston, Ala., Trustee.

Charles Cleveland, Birmingham, Ala., for Clear Creek, Inc.

John C. Anderson, Baton Rouge, La., for Royal American Corp.

REPORT OF MASTER

GEORGE S. WRIGHT, Special Master.

This is a suit to avoid an alleged fraudulent transfer pursuant to § 70(e) of the Bankruptcy Act of 1898 [formerly codified as 11 U.S.C. § 110(e)].

PROCEDURAL BACKGROUND

On December 16, 1977, an involuntary petition in bankruptcy was filed against International Resorts, Inc. (hereafter IRI), an Alabama corporation. IRI was adjudicated a bankrupt on January 24, 1978. Ed Harwell...

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