Janet Haigler Sues ESB Holdings To Avoid Alleged Fraudulent Transfers in Callahan Grading Bankruptcy
December 6, 2021, District of South Carolina – The trustee for a construction company, Callahan Grading, LLC, sues ESB, Holdings, LLC, to recover money or property for the bankruptcy estate by setting aside alleged fraudulent conveyances.
The complaint states that Callahan Grading allegedly transferred about $418,560.00 to ESB within two years before the former filed for bankruptcy and allegedly received no consideration in exchange for the said transfers. Trustee Janet Haigler contends that Callahan Grading’s insiders allegedly owed money to ESB, and the transfers at issue were allegedly made for the benefit of the insiders and not for the benefit of Callahan Grading. Accordingly, Haigler requests the Court to avoid the said transfers as alleged fraudulent conveyances pursuant to §548 of the Bankruptcy Code.
In re Callahan Grading, LLC, Case No. 18-05220-hb