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Debtor-Creditor Preferential Transfers

Bankruptcy Beat: Seventh Circuit Broadens Ordinary Course of Business Defense to Protect Payments from Preference Recovery

by Pullman & Comley, LLC on

In Unsecured Creditors Committee of Sparrer Sausage Company, Inc. (In Jason’s Food, Inc.), 2016 WL 3213096 (7th Cir. June 10, 2016), the Seventh Circuit Court of Appeals rejected a Bankruptcy Court’s narrow application of the...more

Delaware Bankruptcy Court Grants Summary Judgment Based On Ordinary Course of Business Defense

by Morris James LLP on

On December 18, 2014, Bankruptcy Judge Christopher Sontchi issued an opinion granting summary judgment in favor of defendant and against trustee who sought to avoid and recover $1,181,583.84 as preferential transfers pursuant...more

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