Legal Opinion
McLemore v. Third National Bank in Nashville
District Court, M.D. Tennessee
Decided February 13, 1992No. 3:91-0173PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM
WISEMAN, District Judge.
This bankruptcy appeal raises the issue of whether a Bankruptcy Court properly held that a trustee in bankruptcy may recover preferential transfers from a bank that extracted itself from the debtor’s illegal check kiting scheme. The Bankruptcy Court for the Middle District of Tennessee held on February 8, 1991 that the debt- or’s checking transactions resulted in avoidable preferences and ordered the trustee to recover $2,254,935 plus pre-judgment interest from January 30, 1989. In re Montgomery, 123 B.R. 801 (Bankr.M.D.Tenn.).
For the following reasons, this…
2Cases cited37 opinions
- Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
- Williams v. United StatesSupreme Court of the United States · 1982
- In Re Chase & Sanborn Corporation, Debtor. Paul C. Nordberg, Creditor Trustee v. Arab Banking CorporationCourt of Appeals for the Eleventh Circuit · 1990
- Wegner v. GrunewaldtCourt of Appeals for the Eighth Circuit · 1987
- 20 Collier bankr.cas.2d 19, Bankr. L. Rep. P 72,385, 7 Ucc rep.serv.2d 656 in Re Bellanca Aircraft Corporation, Debtor (Three Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas Corporation, (Two Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas CorporationCourt of Appeals for the Eighth Circuit · 1988
32 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re MontgomeryDistrict Court, M.D. Tennessee · 1992