- 11 U.S.C.
Sparkman v. Martin Marietta Materials Inc. (In re Mainline Contr. Inc.)
Oct
23
2012
Ruling
Phone calls and emails prior to payments did not remove transfers from ordinary course of business exception.
Procedural posture
Chapter 7 trustee filed an adversary proceeding against defendant vendor, seeking a determination, inter alia, that payments a contracting company ("debtor") made to the vendor within the 90-day period that preceded the date the debtor declared bankruptcy were preferential transfers that could be avoided under 11 U.S.C.S. § 547. The parties filed cross-motions for summary judgment.
ABI Membership is required to access the full summary of Sparkman v. Martin Marietta Materials Inc. (In re Mainline Contr. Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: