Parks v. FIA Card Servs. (In re Marshal)

Pre 2005-Act: 
Pre 2005-Act
Bankruptcy and district courts erred in holding that credit card balance transfers were not avoidable preferential transfers.
Procedural posture: 
The district court for the District of Kansas affirmed a decision of a bankruptcy court that payments made by debtors within 90 days preceding the filing of their chapter 7 petition from one set of credit card accounts to credit card accounts with appellee, the creditor's successor, were not avoidable preferential transfers under 11 U.S.C.S. § 547(b) as urged by appellant, the bankruptcy trustee. The trustee appealed.
ABI Membership is required to access the full summary of Parks v. FIA Card Servs. (In re Marshal). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on December 30,2008, LexisNexis #0209-030