- 11 U.S.C.
Rocor Intl Inc. v. Pam American Life Ins. (In re Rocor Intl Inc.)
Mar
30
2007
Ruling
Payment to insurer within preference period was avoidable as provision of policy was not new value.
Procedural posture
Plaintiff bankruptcy estate filed an action under 11 U.S.C. § 547(b), seeking avoidance of a payment a debtor in bankruptcy made to defendant insurer. The bankruptcy court granted the insurer's motion for summary judgment, and the estate appealed.
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Court
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