Kentucky court allows sale of land transferred for $1 to cover $177,668 debt

A property transfer for just $1 has failed to shield a Kentucky couple’s land from a creditor seeking to recover an unpaid debt. In an October 23, 2026, opinion, the Kentucky Court of Appeals upheld an order allowing property assessed at approximately $210,000 to be sold to satisfy a judgment of $177,667.88, plus applicable costs and attorney fees. According to the court’s opinion available on Justia, the dispute involved Kimberly A Goodman, David W Hill and their company, Woodsmoke Acres LLC. The ruling followed earlier proceedings that voided the transfer, allowing the credit union to pursue the property despite the change in ownership.How a loan dispute led to a property transferThe dispute began when Members 1st Federal Credit Union filed a complaint against Goodman and Hill in Lewis Circuit Court on July 24, 2024, alleging that they had defaulted on their financial obligations.