Type: Amicus
Date: May 7, 2015
Description: Whether Chapter 13 debtors received reasonably equivalent value for property sold at a tax sale conducted in accordance with Illinois law, so that sale was not avoidable under 548(a)(1)(B) as a constructively fraudulent transfer.
Result: District court judgment reversed, bankruptcy court judgment affirmed, January 20, 2016.
Smith v. SIPI, LLC, No. 15-1166 (7th Cir.)
Posted: May 12, 2015