Development Specialists, Inc. v. Hamilton Bank, N.A. (In Re Model Imperial, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• applying this analysis to rule that payment of a pre-existing debt may constitute a fraudulent transfer
• bank transferee’s conduct “was inconsistent with industry practice and in violation of its own written policies and procedures”
• \The mere failure to make inquiry in the face of unusual circumstances [ ] is sufficient to preclude a good faith defense\
• “The mere failure to make inquiry in the face of unusual circumstances [ ] is sufficient to preclude a good faith defense”
• “[A] transferee may not put on “blinders” prior to entering into transactions with the debtor and claim the benefit of § 548(c).”
• confluence of factors mandated conclusive presumption of fraudulent intent

Source: CourtListener parenthetical corpus (CC0).