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Posts tagged "Bankruptcy fraudulent transfer discharge misrepresentation"

R.I. Bankruptcy Court Holds Debtor's Receipt of Fraudulent Transfer Is Dischargeable If Debtor Made No Misrepresentation

In an apparent case of first impression in Rhode Island, the bankruptcy court has held that the debtor's receipt of a fraudulent transfer is a dischargeable debt in the absence of evidence that the debtor made a misrepresentation. The court aligned itself with two Bankruptcy Court decisions from Massachusetts in predicting how the First Circuit would rule on the issue and rejected holdings to the contrary by the Seventh Circuit and two bankruptcy appellate panels.