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

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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