Yoppolo v. MBNA Am. Bank (In re Dilworth)
Mar
27
2009
Ruling
Credit card balance transfer properly held to be a voidable preferential transfer.
Procedural posture
Former creditor appealed a grant of summary judgment by the United States Bankruptcy Court for the Northern District of Ohio in favor of bankruptcy trustee, holding that a balance transfer check drawn on the debtor's credit card and made payable to the former creditor was a preferential transfer, voidable and recoverable under 11 U.S.C.S. §§ 550(a) and 547(b). The bankruptcy appellate panel affirmed.
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Court
:
Judge or Jurisdiction information not available