Lain v. V3 Construction Group, Ltd. (In re Erickson Retirement Communities, LLC)
475 B.R. 762 | United States Bankruptcy Court, N.D. Texas | 2012
Holding Summary
Payments to a subcontractor for lien release are held in trust under Illinois Mechanics Lien Act and are not avoidable preference transfers because they are not property of the debtor.
The Transfers were of property held in trust for the Defendant pursuant to IMLA.
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