Creditors of a Chapter 11 debtor asserting “state law, constructive fraudulent [transfer] claims ' are preempted by Bankruptcy Code Section 546(e),” held the U.S. Court of Appeals for the Second Circuit on March 29, 2016.
Safe Harbor Defense Bars Creditors' State Law Fraudulent Transfer Claims
Creditors of a Chapter 11 debtor asserting "state law, constructive fraudulent [transfer] claims ' are preempted by Bankruptcy Code Section 546(e)," held the U.S. Court of Appeals for the Second Circuit on March 29, 2016.
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