DECISION AFTER TRIAL
MICHAEL J. KAPLAN, Bankruptcy Judge.
This case presents an interesting question, apparently of first impression.
In a fraudulent conveyance action in which a corporation paid cash to the transferee, and the transferee shows that the "past consideration" was a loan to the principal of the corporation, is it a complete defense to show that loan proceeds are traceable into the corporate bank account? Stated otherwise, must a...
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