McKloskey v. Schabel (In re Schabel)

Pre 2005-Act: 
Pre 2005-Act
Court granted summary judgment to the creditors, debtor's parents, by finding that they had asserted the new value defense to an otherwise preferential transfer.
Procedural posture: 
Plaintiff chapter 7 trustee filed an adversary proceeding against defendant creditors, the parents of one of the debtors, seeking to avoid an alleged transfer from the debtors as preferential. The parties filed cross-motions for summary judgment.
ABI Membership is required to access the full summary of McKloskey v. Schabel (In re Schabel). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member