In an opinion entered February 27, 2006, the Eleventh Circuit Court of Appeals held that an insurance broker was not an “initial transferee” of a preferential transfer made by the debtor to cover a dishonored check previously issued to the
11th Cir. – Insurance Broker was not “initial transferee” under § 550(a)(1)
By Sunghee Sohn
In an opinion entered February 27, 2006, the Eleventh Circuit Court of Appeals held that an insurance broker was not an “initial transferee” of a preferential transfer made by the debtor to cover a dishonored check previously issued to the…