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In re Callahan

In re Callahan

Ruling
Store inventory purchased from lessor was property of the estate.
Procedural posture

Plaintiff trustee sought summary judgment that defendant vendor's repossession of inventory in the possession of debtors was an avoidable preference under 11 U.S.C. § 547(b). Defendant cross-moved for summary judgment on a claim that the inventory, which debtors bought from defendant in connection with their lease of his convenience store, was not debtors'"property" under section 547 and that its value was less than the minimum required therein.

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Commercial opinion summary, case decided on October 11, 2007 , LexisNexis #1107-078