General Electric Capital Auto Lease, Inc. v. Broach (In Re Lucas Dallas, Inc.)

How courts have described this case

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

• recognizing that bankruptcy trustees lack standing to assert actions against parties on behalf of creditors
• holding that two-year statute of limitations for bringing fraudulent transfer proceedings does not begin to run until election or qualification of permanent trustee at creditor’s meeting
• noting that the California UFTA “only 25 confers standing upon a ‘creditor’ of the debtor” citing Cal. 26 Civ. Code § 3439.07(a)
• finding “that the principal of a corporate debtor does not become a ‘transferee’ by the mere act of causing the debtor make a fraudulent transfer”
• “section 546(a)(1) begins running only on the date of the section 341 meeting”
• principal of corporate debtor not transferee where principal caused debtor to make fraudulent transfer

Source: CourtListener parenthetical corpus (CC0).