Parks v. FIA Card Servs. (In re Marshal)
Dec
30
2008
Ruling
Bankruptcy and district courts erred in holding that credit card balance transfers were not avoidable preferential transfers.
Procedural posture
The district court for the District of Kansas affirmed a decision of a bankruptcy court that payments made by debtors within 90 days preceding the filing of their chapter 7 petition from one set of credit card accounts to credit card accounts with appellee, the creditor's successor, were not avoidable preferential transfers under 11 U.S.C.S. § 547(b) as urged by appellant, the bankruptcy trustee. The trustee appealed.
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Court
:
Judge or Jurisdiction information not available