Second Circuit Insulates Innocent Friend from Corporate Debtor’s Fraudulent Transfer Liability

In “Second Circuit Insulates Innocent Friend from Corporate Debtor’s Fraudulent Transfer Liability,” an article published in the August 2022 issue of The Bankruptcy Strategist, Michael Cook assesses the U.S. Court of Appeals for the Second Circuit’s decision in In re BICOM N.Y., LLC wherein the defendant “was a ‘mere conduit’ of [a] fraudulent transfer and cannot be liable to the bankruptcy estate for funds she never knew about.”