A Transfer from the Debtor to a Constructive Trust Isn’t a Transfer of Debtor’s Property

January 15, 2025

A Transfer from the Debtor to a Constructive Trust Isn’t a Transfer of Debtor’s Property

If there’s a constructive trust on property in the debtor’s name, the debtor was only the trustee of the constructive trust and had no legal interest in the property.

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Opinion Link

View Opinion

https://abi-opinions.s3.us-east-1.amazonaws.com/Snyder+v+Biros.pdf

Case Details

Case Citation

Snyder v. Biros (In re U Lock Inc.), 24-1202 (3d Cir. Jan. 9, 2025)

Case Name

Snyder v. Biros (In re U Lock Inc.)

Case Type

Court

3rd Circuit

Bankruptcy Tags

Claims

Bankruptcy Litigation

Fraudulent Transfers

Preferences

Real Estate

Comments

Submitted by Robert Bernstein on January 15, 2025

One of several related Circuit appeals that result from a contentious and litigious business separation. The bankruptcy, district, and circuit appeals are winding down (all favorably - so far - to the creditor/beneficiary. The RICO action against the debtor-side parties is still pending.