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Falcon Creditor Trust v. First Ins. Funding (In re Falcon Prods.)

Falcon Creditor Trust v. First Ins. Funding (In re Falcon Prods.)

Ruling
Hypothetical liquidation test for alleged preferential transfers must be conducted as of petition date, not transfer date.
Procedural posture

Appellant, a creditor trust for a chapter 11 debtor, challenged a decision of the Bankruptcy Court for the District of Missouri, which held that certain payments made to appellee creditor within the 90-day preference period were not preferential under 11 U.S.C. § 547.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on January 28, 2008 , LexisNexis #0208-081