District Court Overturns TOUSA Fraudulent Transfer Decision as to Joint Venture Lenders
This Client Advisory discusses the District Court's reversal of the Bankruptcy Court's decision in the In re TOUSA case. The Bankruptcy Court's TOUSA decision has prompted much concern within the lending community, for imposing heavy burdens on creditors in rescue finance scenarios. The District Court's reversal should be of interest to clients of the firm in the corporate/finance areas, particularly those who have dealings with distressed borrowers.
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