Subscribe to our newsletter to receive more information and regular updates, click here to subscribe

Home New Cases R. Hollenshead Auto Sales Sued For Alleged Clawback Transfers

R. Hollenshead Auto Sales Sued For Alleged Clawback Transfers


October 27, 2021, District of New Jersey – Plaintiff Charles M. Forman, as Plan Administrator for CTE 1 LLC (“Debtor”), initiates an adversary proceeding against R. Hollenshead Auto Sales & Leasing (“Defendant”) to avoid and recover transfers worth $3,246,200.00 as alleged preferences and fraudulent conveyances.

Defendant is the largest volume wholesale car dealer. The complaint alleges that as of the petition date and continuing post-petition through the sale of the Debtor’s assets, the Debtor owned and operated an automotive dealership known as Lexus of Englewood. Debtor sold, serviced, and provided new and used motor vehicle products to its customers. Debtor filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code on October 27, 2019. 

The case is In re CTE 1 LLC (d/b/a Lexus of Englewood), Case Number: 19-30256 (VFP) in the United States Bankruptcy Court for District of New Jersey. The law firm of Gibbons, P.C. is representing the Plaintiff in the Debtor’s bankruptcy case.


Jones & Associates

Course Registration Form

Enter your email and press subscribe

Here are the most expensive fake watches ever sold at an auction.There are several factors that contribute to the price of a watches.

De 1:1 Amerikaanse replica horloges nephorloges zijn eigenlijk een beetje verfijnder qua maatvoering dan eerdere iteraties.