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Gold v. Nova World Intl LLC (In re Harvey Goldman & Co.)

Gold v. Nova World Intl LLC (In re Harvey Goldman & Co.)

Ruling
Trustee could avoid prepetition payment for machinery that was installed postpetition.
Procedural posture

Debtor, which was subject of an involuntary chapter 7 petition, was a large customer of defendant creditor, a Michigan limited liability company that sold machinery for the debtor's use in various locations. The trustee sought to avoid transactions whereby the debtor had paid for machinery ordered pre-petition, but installed postpetition. Trustee and the creditor each moved for summary judgment.

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Commercial opinion summary, case decided on April 01, 2013 , LexisNexis #0413-130