Skip to main content

Are you a legal professional? Visit our professional site

Search for legal issues
For help near (city, ZIP code or county)
Please enter a legal issue and/or a location

In re: Schwarzkopf, No. 08-56974

Article Placeholder Image
By FindLaw Staff on November 23, 2010 10:56 PM

Fraudulent Transfer Action in Bankruptcy

In In re: Schwarzkopf, No. 08-56974, an adversary proceeding seeking to recover for bankrupt estates' benefit approximately $4 million in assets, the court affirmed and reversed in part partial judgment for defendants where 1) the district court did not err in finding that a trust to which defendants transferred certain assets was fraudulent; and 2) the California courts had not extended the prohibition on "reverse-piercing" the corporate veil to the trust context.


As the court wrote:  "Robert L. Goodrich, the Chapter 7 trustee for the bankruptcy estates of Alex Michaels, aka Alexis Michaels, aka Alex Schwarzkopf ("Michaels"), and Joanne Louise
Michaels, aka Joanne Louise Schwarzkopf (collectively, "the Debtors"), seeks to recover for the estates' benefit approximately $4 million in assets."

Related Resources

Find a Lawyer

More Options