- 11 U.S.C.
Menotte v. Oxyde Chemicals Inc. (In re JSL Chem. Corp.)
Feb
10
2010
Ruling
Preference period payment made in response to being placed on credit hold was avoidable.
Procedural posture
Plaintiff, the chapter 7 trustee filed an adversary complaint to avoid and recover an alleged preferential transfer pursuant to 11 U.S.C.S. §§ 547 and 550 in the amount of $ 79,343.35 made by the debtor to defendant creditor, as payment for chemicals the creditor had supplied to the debtor. The parties filed cross-motions for summary judgment.
ABI Membership is required to access the full summary of Menotte v. Oxyde Chemicals Inc. (In re JSL Chem. Corp.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: