Bank of Am. V. Mukamai (In re Egidi)
Jun
18
2009
Ruling
Credit card balance transfers and advances properly avoided as preferential.
Procedural posture
Appellant, a debtor and a credit card company, sought review of a judgment from the District Court for the Southern District of Florida, which affirmed a bankruptcy court's decision that the debtor's payment of a debt owed to the company, using balance transfers and credit card advances drawn on other credit cards, constituted property of a debtor so that the transfers were avoidable preferences under 11 U.S.C.S. § 547(b).
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Court
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Judge or Jurisdiction information not available