- 11 U.S.C.
Northrup v. Magnum Oilfield Servs. (In re Aspen Exploration Inc.)
Apr
28
2010
Ruling
Unauthorized postpetition transfer to initial transferee could be avoided.
Procedural posture
In this adversary proceeding, plaintiff Trustee sought to avoid and to recover a $ 150,000 postpetition transfer under authority of 11 U.S.C.S. §§ 549, 550. Defendant transferee's answer denied the material allegations of the complaint. The Trustee moved for summary judgment.
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Court
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