- 11 U.S.C.
Brown v. Leslie Kitchenmaster & Kot Inc. (In re Hertzler Halstead Hosp.)
Nov
15
2005
Ruling
Creditor could not avoid recovery of preferential transfers since the payments were not intended to be contemporaneous exchanges for new value but rather satisfied an antecedent debt.
Procedural posture
Plaintiff trustee sued defendant, an individual and a corporation, under 11 U.S.C. §§ 547 and 548 to avoid and recover alleged preferential and fraudulent transfers made to them by the debtor prior to the date of debtor's bankruptcy petition.
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Court
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