Joy’s Majestic Paradise Trustee Seeks To Avoid Transfer of Real Estate From Rojana Enterprises, Inc.
May 13, 2021, District of Kansas – Plaintiff Trustee James A. Overcash for the bankruptcy estate of Joy’s Majestic Paradise, Inc. recently indicts Rojana Enterprises, Inc. (“REI”) according to sections 502, 548, and 550 of Bankruptcy Code in Pinnacle Regional Hospital, Inc., et al’s bankruptcy case.
Allegedly, one of the Debtors “made two real estate transfers to REI within two years of filing the bankruptcy petition”. Under §550 of the Bankruptcy Code, the Trustee urges the court that “REI be directed to return the alleged transfers” of real estate to the Trustee or judgment be entered in favor of the Trustee and against REI in the amount of the value of the said real estates. The Trustee also argues that any claims held by REI against the Debtors’ bankruptcy estates “be disallowed” according to § 502(d) of the Bankruptcy Code “unless and until the two real estates or the value of the real estates is returned to the Trustee”.
The case is In re Pinnacle Regional Hospital, Inc. et al in the United States Bankruptcy Court for District of Kansas, Adversary Proceeding Number: 21- 06019