Top Ten Supreme Court Cases on Bankruptcy of All Time (And Four Honorable Mentions) Part III of IV

- April 9, 2017

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click here for Part II
click here for Part III
By M. Jonathan Hayes

Shapiro v. Wilgus, 287 U.S. 348 (1932)

Issue: Is the formation of a corporation and the immediate transfer of the debtor’s assets to the corporation, for the purpose of having a receiver appointed for the corporation, a fraudulent conveyance?

Holding: Yes

Justice Benjamin Cardozo:

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