- 11 U.S.C.
Williams v. Pillar Capitol Holdings LLC (In re Living Hope Southwest Med. Servs. LLC)
Mar
14
2011
Ruling
Transfers from debtor medical center to creditor LLC were avoidable as not made in the ordinary course of business.
Procedural posture
Citing 11 U.S.C.S. § 549, plaintiff trustee sought to avoid allegedly unauthorized post-petition transfers from debtor medical center to defendant LLC, a creditor of debtor, and to LLC's sole member. Issues included whether the transfers were extensions of credit in the ordinary course per 11 U.S.C.S. § 364 that were properly approved nunc pro tunc and whether, if the LLC was found to be liable, the sole member was had personal liability.
ABI Membership is required to access the full summary of Williams v. Pillar Capitol Holdings LLC (In re Living Hope Southwest Med. Servs. LLC) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: