My regular readers will now be falling asleep, but John Waller has put together a pretty good blog entry over at his commercial foreclosure blog entitled “Attachment: The 8 badges of fraud.” He focuses on a recent Northern District decision by United States Magistrate Judge, Christopher Nuechterlein where a creditor managed to freeze and attach proceeds from a $3 million sale from the debtor to another entity where the sale showed “badges of fraud” making the transfer impermissible under IC 34-25-2-1(b)(5).
Doug,
This type of story doesn’t bore me at all.
In fact, I thank you for pointing it out, because so much armchair discussion about debt collection focuses on those hated welfare queens, lazy unionized workers in the wifebeater shirts, and other hated drinkers from the teat of the nanny state.
Let’s examine who the deadbeat is in this case:
(emphasis added)
Oh, that changes everything. The people at U.S. Health LP probably went to business school and everything, so they’re one of us. They were just being creative and innovative, and maximizing profit to the owning partners. How dare Lock Realty Corp. use the courts as an instrument to interfere with U.S. Health’s entreprenurial prerogatives!
What’s next? Directive 10-289[*]?
[*] Brownie points for anyone who can dereference that without a search engine. :)