- 11 U.S.C.
Angell v. Larabee (In re Tanglewood Farms Inc.)
Apr
07
2014
Ruling
Payments within one year of petition date on loan with substantially different amounts of interest from prior payments were avoidable.
Issue(s)
Whether payments on a loan from the debtor to a cousin of the shareholder of the debtor, which were made within the one year period prior to the bankruptcy petition date, were to be avoided and recovered as preferential transfers under 11 U.S.C.S. § 547.
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Court
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