TSIC Inc. v. Thalheimer (In Re TSIC, 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 transfer at issue was constructively fraudulent and could be avoided because the underlying debt obligation was avoided
• holding that severance payment made in exchange for promise not to sue – not for repayment of an antecedent debt - was for less than reasonably equivalent value
• constructive fraud requires showing that a transfer was made for less than reasonably equivalent value and that one of four other conditions are satisfied

Source: CourtListener parenthetical corpus (CC0).