- 11 U.S.C.
HLI Creditor Trust v. Metal Techs. Woodstock Corp. (In re Hayes Lemmerz Intl Inc.)
Mar
06
2006
Ruling
Some transfers were deemed made in the ordinary course of business but not those that altered the payment practice between debtor and transferee.
Procedural posture
Plaintiff, a creditor trust, commenced an adversary proceeding seeking to avoid and recover, pursuant to 11 U.S.C. §§ 547, 550, certain allegedly preferential transfers made by debtors to defendant transferee during the 90-day period prior to the filing of debtors'petitions. The matter was before the court for decision following trial.
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Court
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