Krommenhoek v. Natural Resources Recovery, Inc. (In Re Treasure Valley Opportunities, Inc.)

How courts have described this case

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

• holding that monies 13 paid under an installment contract were not recoverable as a 14 fraudulent transfer because in exchange for the two payments, the 15 debtor received: (1) discharge of the obligation to pay the 16 transferee under the contract terms and (2
• holding that monies 13 paid under an installment contract were not recoverable as a 14 fraudulent transfer because in exchange for the two payments, the 15 debtor received: (1) discharge of the obligation to pay the 16 transferee under the contract terms and (2
• noting that a debtor receives two benefits in making a payment on a valid contract: “(1) discharge of the obligation to pay . . . under the contract terms; and (2) property in the form of the continued vitality of the contract.” (emphasis added)
• finding promise was reasonably equivalent value despite fact that promise was not fulfilled, because “[h]ad the promise been performed, the creditors of the debtor would certainly have benefitted.”
• finding promise was reasonably equivalent value despite fact that promise was not fulfilled, because “[h]ad the promise been performed, the creditors of the debtor would certainly have benefitted.”
• finding promise was reasonably equivalent value despite fact that promise was not fulfilled, because “[h]ad the promise been performed, the creditors of the debtor would certainly have benefitted.”

Source: CourtListener parenthetical corpus (CC0).