Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

Peltz v. Merisel Americas Inc. (In re Bridge Info. Sys.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Alteration in payment terms defeated ordinary course of business defense to avoidance.
Procedural posture: 
Plaintiff administrator of a bankruptcy debtor's plan brought an adversary proceeding against defendant distributor of computer systems for enhancement and resale by the debtor. The administrator sought to avoid payments to the distributor as preferential, and the distributor asserted defenses based on the ordinary course of business and providing subsequent new value under 11 U.S.C.S. § 547(c)(2), (4).
Issue: 
ABI Membership is required to access the full summary of Peltz v. Merisel Americas Inc. (In re Bridge Info. Sys.). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on March 03,2008, LexisNexis #0508-032