  Page 2 of 19    Debtor would manage the businesses. In December 2010, Wardley and the Debtor formed an entity  called ABC Club that Wardley would fund and the Debtor would manage for the purpose of selling  prepaid insurance cards. In connection therewith, the Debtor orally agreed to guaranty the  repayment of Wardley’s advances, up to $750,000 (the “Guaranty”). In April 2011, the parties  memorialized their agreements in writing in connection with the operating agreements for ABC  Club.  Years later, on May 30, 2014, the Debtor and his spouse, Porscha Shiroma, filed a voluntary  Chapter 7 bankruptcy petition. J. Kevin Bird was appointed as the Chapter 7 Trustee (“Trustee”).  On May 30, 2016, the Trustee filed this adversary proceeding against Wardley and American  Benefits Company, Inc. The Trustee amended his complaint on September 15, 2017 (the  “Complaint”).1 The Complaint seeks to recover the Debtor’s allegedly fraudulent transfers to  Wardley under 11 U.S.C. §§ 544, 550, and the Utah Uniform Fraudulent Transfer Act  (“UUFTA”).2    On March 28, 2018, the Court issued a Memorandum Decision on Lynn E. Wardley’s  Motion for Summary Judgement (Docket No. 58) as to the validity of consideration the Debtor  received in exchange for the transfer of $750,000 to Wardley under the Guaranty.3 However, at  that time, the Trustee did not address the avoidability of the Guaranty, so the Court had to presume  that “the guaranty itself [was] not avoidable as a fraudulent transfer.”4 Consequently, the Court granted  Wardley’s motion for summary judgment, finding that if the Guaranty was not avoidable, then the  Debtor received reasonably equivalent value for the $750,000 transfer.    1 ECF No. 46. 2Id. 3 ECF No. 78. 4Id.  Case 16-02089 Doc 102 Filed 07/11/19 Entered 07/11/19 13:35:19 Desc Main  Document Page 2 of 19

Document 102