- 11 U.S.C.
Official Comm. of Unsecured Creditors of J. Allan Steel Co. v. Nucor-Yamato Steel Co. (In re J. Allen Steel Co.)
Dec
12
2005
Ruling
Case was remanded for clarification of whether alleged preferential payments were made in the ordinary course of business or made pursuant to ordinary business terms and thus not preferential.
Procedural posture
Appellee, a committee of unsecured creditors, filed an adversary proceeding against appellant steel supplier seeking to recover payments that a Chapter 11 debtor had made during the 90-day period before the bankruptcy petition was filed. The supplier appealed after the bankruptcy court granted partial summary judgment to it and thereafter entered a judgment in the committee's favor.
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Court
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