Sixth Circuit Trims Bank’s Good-Faith Defense to Fraudulent Transfer Claims – Part I

The issue of what constitutes a good-faith defense to a fraudulent transfer claim is a question that has produced a wide variety of reported decisions from appellate courts over the years. This issue has continued its serpentine course, but a recent Sixth Circuit opinion sheds some light on a complicated fact pattern. In the first part of this two-part article, of counsel Michael Cook discusses the Sixth Circuit's decision to recover subsequent loan payments to the trustee in Meoli v. Huntington National Bank.