Lux Templum Moves for Summary Judgment Against Black Hemp Box To Avoid Alleged Fraudulent Transfer of $600K
February 10, 2022, District of Colorado – Plaintiff-Debtor Lux Templum, LLC moves for summary judgment against Defendant Black Hemp Box LLC (“BHB”) pursuant to Fed. R. Bankr. Proc. 7056 and LBR 7056-1 on its first claim for relief to avoid an alleged fraudulent transfer of $600,000. According to the motion, Templum and BHB “executed an agreement for BHB to sell Debtor a mobile industrial-scale hemp drying machine”. Templum further argues that it “borrowed $1.5 million” from its predecessor-in-interest, P2Bi Holdings LLC, to finance Debtor’s drying machine purchase and “transferred $600,000 to BHP” for the purchase of a drying machine. Adding further, Templum claims that BHB did not deliver the drying machine to Debtor or refund the Debtor’s payments.
Accordingly, Templum requests the court to enter an order in its favor and against BHB, avoiding the transfer of $600,000 as “fraudulent transfer” under Section 548(a)(1)(B) alleging that “it received nothing in exchange” for the transfers and that the “transfer depleted Debtor’s estate” by $600,000.
In re: LUX TEMPLUM, LLC, Adversary Proc. No. 20-01203-MER