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Facing Greater Fraudulent Transfer Liability

Law360, New York (May 23, 2012, 3:03 PM EDT) -- In a decision with significant implications for borrowers and lenders, on May 15, 2012, the Eleventh Circuit Court of Appeals affirmed a bankruptcy court's findings that upstream guarantees and associated liens delivered by a bankrupt debtor's subsidiaries were avoidable as fraudulent transfers....

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