- 11 U.S.C.
Moglia v. Blockson & Co. (In re Wildwood Indus.)
Oct
24
2012
Ruling
Transfers avoided to the extent not made in exchange for new value given inability of creditor to establish ordinary course of business exception.
Procedural posture
Chapter 7 trustee sued creditor pursuant to 11 U.S.C.S. § 547, which allowed a trustee to avoid certain preferential transfers made by a debtor prior to bankruptcy, to recover over $30,000 in alleged preferential transfers made to the creditor by debtor. The matter was before the court for judgment following a trial.
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Court
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