- 11 U.S.C.
Bryant v. JCOR Mech. Inc. (In re Electron Corp.)
Jan
10
2006
Ruling
Payments were not preferential transfers since the materialman was a secured creditor in that the materialman would have been entitled to perfect a statutory lien had the materialman not been paid in full.
Procedural posture
Defendant materialman appealed an order of the bankruptcy court that avoided as preferential a payment made by debtor within 90 days before debtor filed a proceeding under chapter 11. Plaintiff was the trustee of the debtor's estate.
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