Section 6.41 Necessary Parties

• Library: Bankruptcy Practice (2007 Ed. + 2015 Cum Supp)

K. (§6.41) Necessary Parties

The necessary parties to a fraudulent conveyance action are the transferee and any other party who may claim an interest in the property conveyed. In re H. King & Assocs., 295 B.R. 246, 293 (Bankr. N.D. Ill. 2003); see also In re Halpert & Co., 254 B.R. 104, 116 (Bankr. D.N.J. 1999). In contrast, the debtor is not an indispensable party in a fraudulent conveyance action when the debtor no longer has any interest in the transferred property. In re Waters, 8 B.R. 163, 165–66...