Cox v. Interstate Packaging Group Inc. (In re Meyers Bakeries Inc.)
Feb
03
2009
Ruling
Eight prepetition transfers consistent with past practice and industry standards were made in ordinary course of business and not avoidable.
Procedural posture
Chapter 7 trustee filed an adversary proceeding against defendant creditor to recover eight pre-petition transfers as preferential transfers pursuant to 11 U.S.C.S. § 547. The creditor raised the affirmative defense of ordinary course of business and new value as provided in 11 U.S.C.S. § 547(c).
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Court
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