Ohio Corrugating Co. v. DPAC, Inc.

How courts have described this case

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

• “[i]f the rights of creditors have been impaired, we see no reason to except LBO’s from the operation of fraudulent conveyance laws_”
• The standard for reasonably equivalent value requires the debtor to have received either a direct or indirect economic benefit.
• for purposes of § 548, inventory valued on a going concern basis, i.e., at cost; machinery and equipment valued pursuant to a “nuts and bolts” appraisal as such an appraisal “more nearly reflects a proportional amount of the eventual sales price”
• in construing Ohio’s version of UFCA, the court held that “UFCA Section 4 does not permit a credit whose claim matured subsequent to the allegedly fraudulent transfer to set aside the transfer . . .” (emphasis added)
• same creditors paid for ten months
• debtor must receive economic value

Source: CourtListener parenthetical corpus (CC0).