Business, 08.04.2021 16:50 lanaiheart7

Burt Burton’s business was faltering and the creditors were beginning to demand immediate payment. Burton’s brother had recently set up a new corporation for real estate investments. With the intent to save some of his assets, Burton transferred them to the new corporation with an understanding that Burton would receive stock after resolution of his financial problems. Five months later, Burton filed for bankruptcy. Will a trustee who has discovered the transfer be able to recover the assets?

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Burt Burton’s business was faltering and the creditors were beginning to demand immediate payment. B...