Cusick v. McJunkin
Jan 01, 2013OUTCOME: Debtor settled with enforceable and secured promise to pay off 80% of judgment debt within 10 years. Payments are continuing with right of recourse against adequate assets in the event of further default.
Judgment debtor sought to avoid payment of unsecured obligation on his purchase of two businesses claiming that the businesses failed and that he was "judgment proof" as a result. Various and aggressi ... ve collection efforts ensued, including claims brought under the Uniform Fraudulent Transfers Act.
