Peltz v. Edward Vancil Inc. (In re Bridge Info. Sys.)
Jan
10
2007
Ruling
Lease settlement was consideration fo debtor lessee to exercise future options and was not a preference.
Procedural posture
Chapter 11 plan administrator for the debtor appealed from a decision of the Bankruptcy Appellate Panel that reversed a bankruptcy court order granting summary judgment to the administrator in an adversary proceeding to avoid a payment as a preferential transfer under 11 U.S.C. § 547(b), against a lessee of office space in debtor's building.
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