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Rocin Liquidation Estate v. Pan-American Life Ins. Co. (In re Rocor Intl Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Transfer via check was deemed a contemporaneous exchange for new value not a payment on account of an antecedent debt since the date of delivery of the check was the transfer date.
Procedural posture: 
Plaintiff, the liquidation estate which was debtor's successor, brought an action against defendant creditor, seeking to avoid a $67,610 payment as a preference under 11 U.S.C. § 547. Before the court were the parties'cross-motions for summary judgment.
Issue: 
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