Goldstein v. Hickory Brands Inc. (In re Just for Feet Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Ordinary course of business defense to avoidance failed where creditor failed to establish industry standards.
Procedural posture: 
Debtors, a corporation and others, filed a petition under chapter 11. The case was converted to one under chapter 7, and plaintiff trustee filed adversary proceedings against defendants, a corporation (supplier) and one of its divisions, seeking recovery of alleged preferential payments, pursuant to 11 U.S.C. §§ 547(b) and 550. The parties filed cross-motions for summary judgment.
Issue: 
ABI Membership is required to access the full summary of Goldstein v. Hickory Brands Inc. (In re Just for Feet Inc.). 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 September 12,2007, LexisNexis #1007-101