January 12, 2006: Elaborate prepetition series of transfers were effected with actual intent to hinder, delay or defraud.
That the undisclosed series of transactions by which a Chapter 7 debtor divested himself of an interest in real property, by transferring it for no consideration first to a corporation that he controlled, then for no consideration to his friend, who gratuitously transferred the property to a trust established with the assistance of the debtor's accountant, from which it finally passed to a corporation owned by the debtor's father-in-law, were effected with actual intent to hinder, delay or defraud creditors, of a kind sufficient to warrant a denial of the debtor's discharge, could be inferred, not only from the elaborate nature of this series of transactions, but from the fact that none of the transfers was supported by consideration. Moreover, all of the transferees had a familial or other close relationship with the debtor.
That the undisclosed series of transactions by which a Chapter 7 debtor divested himself of an interest in real property, by transferring it for no consideration first to a corporation that he controlled, then for no consideration to his friend, who gratuitously transferred the property to a trust established with the assistance of the debtor's accountant, from which it finally passed to a corporation owned by the debtor's father-in-law, were effected with actual intent to hinder, delay or defraud creditors, of a kind sufficient to warrant a denial of the debtor's discharge, could be inferred, not only from the elaborate nature of this series of transactions, but from the fact that none of the transfers was supported by consideration. Moreover, all of the transferees had a familial or other close relationship with the debtor.
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