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A creditor may also recover a money judgment for the value <strong>of</strong> the asset<br />
transferred or in amount necessary to satisfy the creditor's claim, whichever is<br />
less:<br />
§ 24.009. Defenses, Liability, and Protection <strong>of</strong> Transferee<br />
(b) Except as otherwise provided in this section, to the extent a<br />
transfer is voidable in an action by a creditor under Section<br />
24.008(a)(l) <strong>of</strong> this code, the creditor may recover judgment for<br />
the value <strong>of</strong> the asset transferred, as adjusted under Subsection (c)<br />
<strong>of</strong> this section, or the amount necessary to satisfY the creditor's<br />
claim, whichever is less. (emphasis added)<br />
Therefore, a creditor, if he has proved the elements <strong>of</strong> fraudulent transfer,<br />
may recover the only the amount necessary to satisfy the creditor's underlying<br />
claim.<br />
Argument<br />
In the case at bar, it is uncontested that the total amount <strong>of</strong> Appellee's<br />
underlying claim against Invictus is $100,000.00 (original amount <strong>of</strong> the Note)<br />
plus 12% interest per annum. CR. 33-36.<br />
Therefore, Appellee has no evidence <strong>of</strong> the $175,000.00 in "actual<br />
damages" awarded in the Judgment. Appellee's maximum claim at all times was,<br />
at most, for the amount <strong>of</strong> the Note plus 12% interest. CR. 33-36. Within his own<br />
evidence, Appellee admits that the amount due and owing under the Note was<br />
$112,000.00 and that this was the amount <strong>of</strong> his demand from lnvictus. CR. 70.<br />
The Judgment erroneously awarded $175,000.00 in "actual damages" with<br />
no basis whatsoever. Appellee did not have actual damages <strong>of</strong> $175,000.00.<br />
Appellee's damages are statutorily limited under Tex. Bus. & Comm. Code §<br />
APPELLANT'S BRIEF<br />
28