section 547 bankruptcy code

Trustee in Sunset Aviation Commences Preference Actions

Jason Cornell
March 22, 2011 01:53

Background Last month, the Chapter 7 Trustee in the Sunset Aviation bankruptcy began filing preference actions against various defendants seeking the recovery of alleged avoidable transfers.  The Sunset Aviation bankruptcy proceeding includes the consolidated bankruptcies of Sunset...

Trustee in WL Homes Bankruptcy Commences Preference Actions

Jason Cornell
February 06, 2011 23:39

Introduction In January of this year, George L. Miller, the chapter 7 trustee (the "Trustee") in the WL Homes bankruptcy, began filing avoidance actions against various creditors.  As alleged in the complaints, the Trustee seeks the recovery of what he deems are "preferential...

Chapter 7 Trustee in Consolidated Bedding Commences Preference Actions

Jason Cornell
October 25, 2010 01:36

Introduction Earlier this month, the Chapter 7 Trustee (the "Trustee") in the Consolidated Bedding bankruptcy commenced several avoidance actions under sections 547 and 548 of the Bankruptcy Code.  Consolidated commenced this bankruptcy proceeding on May 29, 2009, when it filed...

Creditors' Committee of Pacific Energy Resources Files Avoidance Actions

Jason Cornell
September 02, 2010 02:22

In late August, the Official Committee of Unsecured Creditors (the "Committee") in the Pacific Energy Resources bankruptcy, began filing adversary actions against various creditors.  The complaints filed by the Committee allege the defendants received preferential transfers...

Plan Administrator in Goody's Bankruptcy Files Preference Actions

Jason Cornell
July 03, 2010 02:06

 Introduction Recently, the Plan Administrator for the Goody's Family Clothing bankruptcy commenced adversary actions against various defendants in the United States Bankruptcy Court for the District of Delaware.  The Goody's Plan Administrator was appointed pursuant to Goody's plan of...