Clawback Actions Begin in the Bankruptcy Case of Lamar Construction Company
Michigan, June 2, 2016 – Marcia Meoli, the Chapter 7 Trustee for the bankruptcy estate of Lamar Construction Company (Debtor) filed approximately 72 complaints during the month of June 2016. The Trustee initiated the lawsuits in the U.S Bankruptcy Court for the Western District of Michigan and argued that the assets held by the defendants belonged to the Debtor and that the payments received by various defendants are avoidable and subject to recovery under 11 U.S.C. § 547 of the bankruptcy code.
The Debtor filed for protection under Chapter 7 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Michigan on July 11, 2014. Prior to the petition date, the Debtor provided construction services. The Company offered general contracting, construction management, steel and pre-cast concrete erection, pre-engineered metal building erection, pre-construction, and facility maintenance services.
The Debtor’s preference actions are pending before the Honorable Judge James W. Boyd. The Trustee is represented by the law firm Rhoades McKee PC. The Debtors cases are administered under Case no. 14-04719.
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