Like those of any other debtor, the denials of the Church that it had other reasons for the transfer will carry little weight — the fraudulent transfer laws frankly presume that debtors will routinely lie as to why they made transfers of their assets.
Stay tuned as to whether the Bankruptcy Trustee will seek to set the transfer aside as a fraudulent transfer, and bring that money back into the Archdiocese’s bankruptcy estate for the benefit of all creditors.
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