- 11 U.S.C.
HLI Creditor Trust v. Metal Techs. Inc. (In re Hayes Lemmerz Intl Inc.)
Jan
26
2006
Ruling
Transfers made within credit terms did not insure that such transfers were made in the ordinary course of business, and, thus, some of the debtor's payments were deemed preferential transfers.
Procedural posture
Plaintiff, a creditor trust, commenced an adversary proceeding, seeking to avoid and recover pursuant to 11 U.S.C. §§ 547 and 550, certain allegedly preferential transfers made by debtors to defendant, the transferee. The matter was before the court for decision following trial.
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Court
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