Noland v. Morefield (In Re National Liquidators, 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 the debtor received less than reasonably equivalent value, because all the debtor received in return for the transfer of “false profits” was the use of the investors’ money to run a Ponzi scheme
• “An antecedent debt is a debt that is incurred before the transfer.” (citation omitted)
• “An antecedent debt is a debt that is incurred before the transfer.”

Source: CourtListener parenthetical corpus (CC0).