Legal Opinion

Mosier v. Ever-Fresh Foods Co. (In Re IRFM, Inc.)

United States Bankruptcy Court, C.D. California

Decided September 4, 1992No. Bankruptcy No. SA 88-04423 JR, Adv. No. SA 91-3920 JRPublishedCited by 14 opinions

1Opinion of the Court

MEMORANDUM OPINION

JOHN E. RYAN, Bankruptcy Judge.

Chapter 7 Trustee (“Trustee”) filed a complaint to recover payments made to Ever-Fresh Foods Company (“Creditor”) by IRFM, Inc. (“Debtor”). Trustee alleges nearly half the payments are avoidable under Bankruptcy Code (“Code”) § 547(b). Creditor alleges all of the payments qualify for a new value defense under Code § 547(c)(4). Trustee argues that § 547(c)(4)(B) requires new value to remain unpaid. Both parties moved for summary judgment. After a hearing on June 15, 1992, I took the matter under submission.

JURISDICTION

Jurisdiction over this…

2Cases cited20 opinions

  1. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  2. 13 Collier bankr.cas.2d 1400, Bankr. L. Rep. P 70,902 in Re Lewis W. Shurtleff, Inc. And Frontier Properties, Inc., Debtors. Thomas D. Elliott, Trustee v. Frontier Properties/lp 102/meadow Glen Arms/79Court of Appeals for the Ninth Circuit · 1986
  3. Thomas W. Garland, Inc. v. Union Electric Co. (In Re Thomas W. Garland, Inc.)United States Bankruptcy Court, E.D. Missouri · 1982
  4. Bankr. L. Rep. P 71,497 in the Matter of John B. Prescott and Janet L. Prescott, Debtors. Appeals of Marine Bank Dane County, Gateway Foods, Inc. & Jerry J. Armstrong, TrusteeCourt of Appeals for the Seventh Circuit · 1986
  5. Gold Coast Seed Co. v. Spokane Seed Co. (In Re Gold Coast Seed Co.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983

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3Cited by14 opinions

  1. Laker v. Vallette (In Re Toyota of Jefferson, Inc.)Court of Appeals for the Fifth Circuit · 1994
  2. Mosier v. Ever-Fresh Food Co. (In re IRFM, Inc.)Court of Appeals for the Ninth Circuit · 1995
  3. Braniff, Inc. v. Sundstrand Data Control, Inc. (In Re Braniff, Inc.)United States Bankruptcy Court, M.D. Florida · 1993
  4. Successor Committee of Creditors Holding Unsecured Claims v. Bergen Brunswig Drug Co. (In Re Ladera Heights Community Hospital, Inc.)United States Bankruptcy Court, C.D. California · 1993
  5. Trinkoff v. Porters Supply Co. (In Re Daedalean, Inc.)United States Bankruptcy Court, D. Maryland · 1996

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