Dunlap v. Independence Bank (In re Nationwide Tower Co.)
Jun
16
2008
Ruling
Bank's payment with own collateral pursuant to security agreement was not avoidable.
Procedural posture
A chapter 7 trustee filed an adversary proceeding against a bank to avoid transfers made to the bank pursuant to 11 U.S.C.S. § 547 and to recover the transferred property for the estate pursuant to 11 U.S.C.S. § 550. The court held a hearing and issued findings of fact and conclusions of law.
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Court
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