- 11 U.S.C.
Stoebner v. Consumers Energy Co. (In re LGI Energy Solutions Inc.)
Dec
08
2011
Ruling
Utility payments made by debtor billing agent that commingled customers' payments with other funds could be avoided unless traceable to identifiable funds.
Procedural posture
Bankruptcy trustee brought adversary proceedings against appellee power utilities seeking to avoid payments to the utilities from a bankruptcy debtor as a billing agent for utility customers as preferential and fraudulent transfers under 11 U.S.C.S. §§ 547, 548. The trustee appealed the orders of the U.S. Bankruptcy Court for the District of Minnesota which granted summary judgment to the utilities.
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Court
:
Judge or Jurisdiction information not available