In determining whether a party gives “reasonably equivalent value” under Section 548 of the Bankruptcy Code or state fraudulent transfer statutes, how does a court determine the value given? Is it an objective standard measured by the market value or is it a subjective standard measured by the value realized by the debtor? This question is complicated by what may be differing answers under federal and state law.
LINKS
Click the media link below to download a PDF of "Doing the Splits Reasonably Equivalent Value to Whom?" (page 14) authored by Annette W. Jarvis published in the American College of Bankruptcy College Columns.