The defendants in a fraudulent conveyance action brought by the trustee of a bankrupt hospital retained CRA to prepare solvency analysis. The trustee attempted to recover loans that were made before the hospital entered bankruptcy, but both the bankruptcy court and district court ruled the hospital was solvent. CRA’s expert ultimately demonstrated that the hospital was solvent, and The Seventh Circuit Court reversed the bankruptcy and district court decisions.
Calling All Bank Directors - Redlining in the Current Environment
In a two-part podcast series for Calling All Bank Directors, David joins American Association of Bank Directors President David Baris to discuss redlining and...