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Carrier Corp. v. Buckley (In re Globe Mfg. Corp.)

Carrier Corp. v. Buckley (In re Globe Mfg. Corp.)

Ruling
Belated installment payments to unsecured creditor during preference period properly held avoidable.
Procedural posture

In appellee bankruptcy trustee's action to recover preferential transfers made to appellant unsecured creditor pursuant to former 11 U.S.C.S. § 547(b), the creditor challenged the U.S. District Court for the Northern District of Alabama's decision affirming the bankruptcy court's granting judgment in favor of the trustee and declining to award prejudgment interest.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on May 11, 2009 , LexisNexis #0609-104