McKloskey v. Schabel (In re Schabel)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
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.
Issue: 
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