- 11 U.S.C.
PN Chapter 11 Estate Liquidating Trust v. Inserts East Inc. (In re Philadelphia Newspapers LLC)
Mar
22
2012
Ruling
Transfers to creditor within preference period outside of ordinary course of business could be avoided.
Procedural posture
Plaintiff trustee filed an adversary proceeding against defendant creditor, seeking a ruling that he was allowed under 11 U.S.C.S. § 547(b) to avoid transfers a corporate debtor made to the creditor, recovery of the avoided transfers under 11 U.S.C.S. § 550, an order disallowing claims the creditor filed against the debtor's bankruptcy estate until the creditor paid amounts it owed under § 550. The trustee filed a motion for summary judgment.
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Court
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