PART I: FRAUDULENT TRANSFERS – STATE LAWS CROSSING INTO BANKRUPTCY COURT & E-COMMERCE TRANSACTIONS
In the case of TransVantage Solutions Inc., et al., the Debtor was a logistics company which audited and approved invoices. Multiple transportation companies utilized the services of TransVantage. Once TransVantage would clear and approve the invoices, the customers were billed and payments to the transportation companies flowed through the Debtor. In the ordinary course of a legitimate business, the Debtor would receive payments from the customers, deduct its fee for the logistics service it provided and remit the payments to the transportation companies.