- 11 U.S.C.
Rocin Liquidation Estate v. Pan-American Life Ins. Co. (In re Rocor Intl Inc.)
Feb
17
2006
Ruling
Transfer via check was deemed a contemporaneous exchange for new value not a payment on account of an antecedent debt since the date of delivery of the check was the transfer date.
Procedural posture
Plaintiff, the liquidation estate which was debtor's successor, brought an action against defendant creditor, seeking to avoid a $67,610 payment as a preference under 11 U.S.C. § 547. Before the court were the parties'cross-motions for summary judgment.
ABI Membership is required to access the full summary of Rocin Liquidation Estate v. Pan-American Life Ins. Co. (In re Rocor Intl Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: