A bankruptcy court in New York has refused to order a private social club to approve a transfer of membership in the club as part of a bankruptcy proceeding. Thomas Feaster originally owned a Capital Certificate of membership in the club jointly with Anne Law. Feaster was appointed executor of an estate and Law objected to the accounting he filed. In settlement of her claim he agreed to a monetary settlement and to transfer his half interest in the Certificate to her. Both the surrogate’s court and the Club approved the transfer. Shortly thereafter, Feaster filed for bankruptcy and claimed that his transfer of his interest in the membership was a voidable transfer. He and Law agreed to a...