Guiliano v. Almond Inv. Co. (In re Carolina Fluid Handling Intermediate Holding Corp.)

Ruling: 
Payments pursuant to executory contract assumed by debtor could not be avoided as preferential.
Procedural posture: 
Plaintiff bankruptcy trustee brought an adversary proceeding against defendant supplier of parts for bankruptcy debtors' fuel systems business, seeking to avoid payments by the debtors to the supplier for parts delivered prior to the debtors' bankruptcy petition as preferential transfers pursuant to 11 U.S.C.S. § 547(b). The supplier moved for summary judgment.
Issue: 
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Commercial case opionion summary, case decided on March 14,2012, LexisNexis #0412-126