RFBN Prevails in 7th Circuit on Behalf of Real Estate Purchaser

RFBN associate Michael B. Bregman recently prevailed in an appeal to the United States Court of Appeals for the Seventh Circuit.  The plaintiffs had sued RFBN’s client, a purchaser of real estate, in an adversary proceeding commenced in the Bankruptcy Court for the Northern District of Illinois seeking to void the purchase as a fraudulent conveyance under the Bankruptcy Code.  Mr. Bregman proved the client’s bona fide purchaser defense in a three-day bench trial.  The ruling was appealed by the plaintiffs to the United States District Court, and ultimately to the Seventh Circuit.  The Seventh Circuit affirmed RFBN’s trial win.  In re Smith, 2016 WL 231769.