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In re Transtexas Gas Corp.

Under Bankruptcy Code �548, it is enough that appellant was an insider either at the time of the transfer of the funds or at the time the company incurred such obligation. The language of the statute makes that evident. Under �548, there is no textual limitation of insider status to the time in which the transfer is made. 5th U.S. Circuit Court of Appeals, Nos. 08-41128 & 08-2040, 02-10-2010

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Before BARKSDALE, SOUTHWICK, and HAYNES, Circuit Judges.

This opinion addresses the issues in two related cases. The appeals were not consolidated prior to argument, and we do not consolidate them now. A single opinion is used to explain our decision in each appeal.

In one of the two appeals, the former Chief Executive Officer of TransTexas Gas Corporation, John Stanley, argues that the district court erred by agreeing with the bankruptcy court that severance payments he received from the company were fraudulent transfers. We AFFIRM.

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