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IN RE SMITH

Bankruptcy No. 07 B 6631. Adversary No. 07 A 00239.

501 B.R. 843 (2013)

In re Keith SMITH and Dawn Smith, Debtors. Keith Smith and Dawn Smith, Plaintiffs v. SIPI, LLC and Midwest Capital Investments, LLC, Defendants.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

July 30, 2013.

Attorney(s) appearing for the Case

Arthur G. Jaros, Jr., Richter & Jaros, Oak Brook, IL, for Plaintiffs.

Timothy A. Clark, Krockey, Cernugel, Cowgill & Clark, Ltd., Joliet, IL, Harold L. Moskowitz, Law Offices of Harold Moskowitz, Timothy S. Breems, Michael Bregman, Edward P. Freud, Scott C. Nelson, Ruff Weidenaar & Reidy Ltd., Chicago, IL, for Defendants.

MEMORANDUM OPINION

BRUCE W. BLACK, Bankruptcy Judge.

This adversary proceeding is before the court for ruling after trial on a fraudulent transfer action pursuant to 11 U.S.C. § 548. Plaintiffs Keith and Dawn Smith, the Debtors in the underlying chapter 13 bankruptcy case, filed this adversary action against the Defendants, SIPI, LLC ("SIPI") and Midwest Capital Investments, LLC ("Midwest"), seeking to avoid the transfer of their former residence as...

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