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Dearborn Bancorp, Inc., In re--Dery v. Karafa

Dearborn Bancorp, Inc., In re--Dery v. Karafa

Ruling
Trustee allowed to avoid pre-petition transfers debtor made to defendants as defendantsfailed to show that any of their services provided "new value" to the debtor. (Bankr. E.D. Mich.)
Issue(s)
Preferences; Exceptions to Avoidance; Contemporaneous Exchange for New Value.

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Commercial opinion summary, case decided on April 20, 2018 , LexisNexis #0718-076