- 11 U.S.C.
Caillouet v. First Bank and Trust (In re Entringer Bakeries)
Jun
14
2006
Ruling
Trustee was entitled to recover preferential transfer from creditor in amount estate was diminished by net proceeds of sale of debtor's property.
Procedural posture
The debtor filed a voluntary petition for relief under chapter 11, which was subsequently converted to a chapter 7 case. Plaintiff trustee filed an adversary proceeding against defendant creditor, seeking to avoid alleged preferential transfers under 11 U.S.C. § 547(b) and seeking to recover such amount from the creditor as an initial transferee under 11 U.S.C. § 550.
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Court
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