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IN RE PEET PACKING CO.

Bankruptcy No. 95-20725, Adversary No. 97-2098.

233 B.R. 387 (1999)

In re PEET PACKING COMPANY, Debtor. Randall L. Frank, Trustee, Plaintiff, v. Dennis L. McLain, Defendant.

United States Bankruptcy Court, E.D. Michigan, Northern Division.

March 26, 1999.

Attorney(s) appearing for the Case

E. Todd Sable, Birmingham, MI, for plaintiff.

Dennis L. McLain, Grovetown, GA, in pro per.

Randall L. Frank, Attorney at Law, Bay City, MI, trustee.

OPINION DETERMINING THAT "FAIR CONSIDERATION" UNDER MICH.COMP.LAWS § 566.19(1) IS CONSIDERED FROM VIEWPOINT OF TRANSFEREE

ARTHUR J. SPECTOR, Bankruptcy Judge.

The issue to be decided in this proceeding is whether the transferee of a constructively fraudulent transfer, who without knowledge of the fraud and in good faith suffers a detriment in kind and amount that is a fair equivalent to what he received from the transferor, is a "purchaser...

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