- 11 U.S.C.
Eggman v. Parker-Hannifin Corp. (In re PJM Enters. of Marion)
Jan
12
2010
Ruling
Postpetition payment of prepetition debt that was authorized by court prior to conversion from chapter 11 to chapter 7 was not avoidable.
Procedural posture
Chapter 7 trustee filed an adversary proceeding against defendant creditor, seeking a determination that a transfer a corporate debtor made to the creditor postpetition was avoidable under 11 U.S.C.S. § 549, an order under 11 U.S.C.S. § 550 which required the creditor to repay the amount it received. The parties filed cross-motions for summary judgment.
ABI Membership is required to access the full summary of Eggman v. Parker-Hannifin Corp. (In re PJM Enters. of Marion) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: