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Bankruptcy

Recent rulings you need to know.

11 minute readMarch 28, 2007 at 09:01 AM
By
ALM Staff
Law Journal Newsletters
Bankruptcy

California Law Governs Property Transfer Avoidability, But Not Valuation

In re Brun

'- B.R. ”, 2007 WL 455874 (Bkrtcy.C.D.Cal.,2/5/2007)

(Ryan, U.S. Bankruptcy Judge)

While California law governs whether and to what extent a transfer of property is voidable by a bankruptcy trustee, the value of the avoided transfer, and therefore the recovery, is governed by ' 550(a) of the Bankruptcy Code, and California law will not affect that valuation.

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